NETHERLANDS - Dutch multinationals are unmoved by pan-European pension fund opportunities elsewhere and prefer a Dutch domicile, a study by KMPG has found.

The study, which surveyed 250 Dutch pension funds, found that interest in Luxembourg or Ireland as domicile for pan-European funds is waning, with 60% of pension funds already having chosen for the Netherlands.

According to the study, only 15% of respondents preferred Luxembourg and 10% Ireland.

"Pension funds that want one common European pension fund for cost reasons are increasingly choosing the Netherlands," KMPG said, stating that the primary reason was cost.

Last week German, Munich-based insurer LV 1871 launched a new corporate pension fund in German-speaking Liechtenstein.