Dutch pension regulator says recovery plans could be scrapped next year

Many Dutch pension schemes may be able to scrap their recovery plans by summer 2010 if the global economy continues to pick up, according to De Nederlandsche Bank (DNB), the country's pension regulator.

According to DNB, the average funding ratio of Dutch pension funds at the end of August was "over 105%". If funding levels remain at or above this level for three consecutive quarters, DNB says schemes would be able to disregard emergency funding measures laid out in their recovery plans.

Tobias