The Dutch central bank today postponed implementing new pension fund rules and regulations until Jan. 1, 2007, according to a statement from the bank. The new rules will force pension funds to value liabilities at market rates and shift more assets into bonds, especially long-term bonds, from equities. They were scheduled to take effect Jan. 1, 2006. Some pension funds have already adopted the new rules, known as the Financial Assessment Framework, according to the bank.
"Given the present state of affairs, the debate in the lower house of the Dutch Parliament will not be completed in time to meet the deadline ... as previously envisaged," according to the statement.