ABP funding level drops to 94%

clock

NETHERLANDS - ABP's funding level waxed and waned over the third quarter ending at 94% as daily changes in interest rates caused wild swings in its coverage ratio.

The fund began the quarter with a funding ratio of 95%. That rose to 98% in July and dropped to 88% in August before recovering by six percentage points the following month. ABP needs to have a ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Netherlands

Falling coverage ratios will hamper Dutch pension funds' buy-out efforts, warns ABN Amro

NETHERLANDS - ABN Amro predicts half of Dutch company pension funds will shift assets to insured schemes.

Thomas Whittaker at Risk.net
clock 01 November 2011 •

Falling interest rates pummel funding ratios at PFZW, ABP

NETHERLANDS - Dropping interest rates knocked the coverage ratio for Pensioenfonds Zorg & Welzijn (PFZW) down to 91% and Stichting Pensioenfonds ABP's down to 90%.

clock 20 October 2011 •

State Street wins Dutch pension custody mandate

NETHERLANDS - Dutch pension fund Stichting Pensioenfonds SABIC Innovative Plastics has appointed State Street Corporation to provide custody and other services for its €700m ($970m) in assets.

clock 19 October 2011 •
Trustpilot