After the fall of Lehman in 2008, a scenario unfolded for many pension funds which was only taken account of in the tail scenario or not at all. During the crisis, pension funds faced various problems simultaneously, such as the lack of assumed diversification benefits and unexpectedly high risks.

APG has compiled its website with the greatest possible care in order to ensure that the information available on the website is correct. Nevertheless, APG disclaims all liability for any incorrect and/or incomplete information contained in the websites, as well as for the use and interpretation of such information. APG provides no guarantee for the faultless and uninterrupted functioning of the website. APG disclaims all liability for the temporary, permanent, full, or partial inaccessibility of the website. APG is not responsible for the information given on banners and buttons, nor for the content of third parties’ websites. References or links to other websites or sources which are not APG’s property have been included for the sole purpose of providing information to users of the websites.


For the majority APG uses photographs of Hollandse Hoogte (www.hollandsehoogte.nl)

Applicable law

Dutch law applies to the use of the websites and to this disclaimer.

Your pension articles


Reader explanation | share your reader

This is your personal reader page where you can collect and save the articles you are interested in. Please log in to access your reader everywhere you are. You are not logged in, therefore your articles will only be saved for this session.

Login by your Twitter or your Facebook or your LinkedIn account

Print the reader