The equities markets have fallen and interest rates have declined even further. Both these developments impact the fund's financial situation. The PDN Board is keeping close track of these developments and is assessing whether it will need to take action and amend the strategic policy. The Board is being advised on this issue by the Investment Committee.
The Board/members of the Investment Committee have intensive contacts with the DPS administration organization that are primarily focused on current developments in the pension fund, including funding level, returns and risks.
No additional strategic, tactical or operational control measures have been proposed at present. The Investment Committee and Board will continue to monitor these developments closely.
More information about the financial markets and the impact on PDN's funding level is available here.