Dutch central bank calls for pension reforms

A train passes a windmill in Holland - photo Eneco
Windmill in the Netherlands

Dutch pension schemes need a "major overhaul", the Netherlands Bank (DNB) says in its latest bulletin.

Pension funds in the Netherlands had "fundamental vulnerabilities", the DNB said. Pensioners were "not adequately protected against the risk of curtailments", while investments on behalf of younger pension scheme members sometimes took insufficient risks. The pension system also created "opaque and difficult-to-justify intergenerational transfers that undermine support".

Reformed pension

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