Half of Dutch pension schemes have not put satisfactory measures in place to help them deal with the fallout from future financial crises, according to regulators in the Netherlands – a country whose retirement system is rated as among the best in the world.
De Nederlandsche Bank, the Dutch central bank, last year set out rules requiring pension schemes to create plans outlining how the board and scheme members should act in response to a crisis. The bank and the Netherlands Authority for the Financial Markets reviewed pension scheme's plans and found 15% of financial crisis plans were 'poor' and 35% were 'unsatisfactory'.