Dutch pension plans’ funding ratios are back on track, with the average reaching 110% by January 31, 2014, according to data from Aon Hewitt. The ratio reflects just a single percentage point growth from the funding level in December 2013. Liabilities also rose in January by about 0.6 %, driven by a slight decline in the three-month average rate.

While some of the largest pension funds have taken the opportunity over the past few weeks to announce they would no longer have to cut benefits, Aon Hewitt has argued that the landscape for Dutch funds remains fragile.

Some of the largest funds, ABP, PFZW, and BPF Bouw all exceeded their minimum funding target in the first month of this year. ABP revealed last week that its funding ratio had increased to 105.9%, 1.7% above the required minimum. It has brought to an end a 0.5% reduction in pensioner payments, introduced last year, as a result.

  ai-cio