Dutch pension funds hit by low interest rates, says DNB

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The financial position of pension funds in the Netherlands continued to worsen in the third quarter of the year, mainly due to falling interest rates, says the Netherlands Bank (DNB).

The average funding ratio declined by almost three percentage points over the last quarter to 98.1%, according to DNB data published on October 22. This ratio reflects funds’ financial position, expressing the relationship between available assets and liabilities.

The Dutch pension system combines a state-funded

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