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Dutch amendment

The Dutch parliament has rejected proposed legislation that pension funds with less than 100 members should be obliged to reinsure their schemes.
On November 4, parliament amended the proposal from a quantitative to a qualitative basis, leaving the Dutch Verzerkeringskamer (VK) pension fund regulator to decide if a scheme is adequately funded.
Nicholas Obolonsky, secretary to the Dutch OPF association of company pension funds, says: “The VK will now look at whether the assets of a scheme are solid and how the management is organised.
“The proposal was rather arbitrary. Why should a fund with 99 members be any less safe than one with 100 members?”

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