NETHERLANDS - Pensioenfonds Zorg en Welzijn (PZFW) reported a decline in its funding level from 92% at the end the fourth quarter of 2008 to 89% at the end of the first quarter of 2009, data from its latest quarterly report reveal.
During the first trimester of 2009, the scheme suffered a 4.5% loss on its investments, with assets under management declining to €68.3bn. The fund said the market recovery in the final weeks of...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
