Dutch pension funds are failing to ensure they have enough assets to cover their pension obligations, according to new figures from the central bank.

The average coverage ratio fell to 101% by the end of August, well below the official requirement of 105%, the central bank said.
The average coverage ratio was 112% at the end of March. Funds which drop below 105% have to draw up a recovery plan and submit it for central bank approval.
The drop is largely due to stock market developments. The AEX has fallen almost 20% since the end of March.