Dutch Pension Funds: Aging Giants Suffering And Inconsistent Risk Management
7 Pages Posted: 7 Oct 2010
Date Written: October 1, 2010
Abstract
This article summarizes the main findings of an ad-hoc committee struck to advise the Dutch government on the risk management and investment policies of Dutch pension funds in light of the experience of the Global Financial Crisis. The main conclusions are that at a time when pension funds face growing risks, their risk-taking capacity has actually decreased. As a result, their risk management protocols have to be strengthened, and their investment policies have to be firmly embedded within a strict and clear risk framework.
Keywords: Aging Giants, Governance, Investment Policies, Pension Fund, Risk Appetite
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