Dutch Pension Funds Reject European Union Proposals to Divert Savings Into Regional Technology Startups
Administrators of the massive Dutch pension system have formally opposed regulatory initiatives from Brussels designed to steer mandatory retirement savings into European venture capital and technology startups. The Dutch funds, which collectively manage over one point five trillion euros in assets, warned that the proposed European Union capital markets union reforms expose pensioners to unacceptable investment risks while compromising the strict fiduciary standards of the Netherlands.