Recovery position



In a significant concession to industry pressure, the Dutch lower house of parliament approved an amendment to pension law, which it passed last month, that will extend the recovery period for funds with solvency issue from one to three years.

The original proposals for the FTK regulations sought to enforce a 12-month recovery period for pension funds with funding ratios that went below 105%, but widespread opposition from the industry meant that the regulations, which are due to come into force

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