All db/dc switch articles
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News
Pensioenfonds DHL picks Aegon AM as fiduciary manager
The Dutch scheme of postal company DHL wants to concentrate all investment services in one mandate to reduce the board’s workload
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DC negotiations at Dutch company schemes in deadlock
At many company pension funds, employers and trade unions are at loggerheads over the choice for either the solidarity or flexible DC arrangement
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Large Dutch pension funds to support PR campaign for DC switch
ABP, PFZW and PME will support a campaign by the Dutch Ministry of Social Affairs to promote the switch from defined benefit to defined contribution pensions
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Pension benefits rise by up to 30% in new DC system, says Dutch transport fund
Pensioenfonds Vervoer is the first fund to publish a detailed DC transition plan
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Lower indexation in new Dutch DC system, finds Aegon AM
Pensioners would have received between 1.5% and 3.6% in indexation in 2023 if the new DC system had already been in place, says the asset manager
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Regulator allows Dutch pension funds to split DC transition into three parts
The plan should give pension schemes time to make adjustments on the basis of DNB’s findings, should this be necessary, says Cindy van Oorschot
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ABP postpones DC transition to 2027
The news comes shortly after pensions minister Carola Schouten moved the final date for pension funds to introduce DC arrangements to 1 January 2028
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Pensioenfonds ING anticipates 20% benefits increase in new DC system
The fund’s board believes the reduced need for a buffer in DC will translate into higher pension benefits
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Dutch DC pension accruals ‘relatively low’, says regulator
Some 65% of workers in DC plans have pension contributions of 10% or less of pensionable salaries
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Philips pension fund caps indexation at 4% to protect buffer
The move can assist the scheme of the Dutch electronics firm to make the transition to the new DC system with a funding ratio of at least 110%
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PGB to minimise solidarity aspect in new Dutch DC system
The Dutch multi-sector scheme will limit the solidarity buffer to the legally required minimum of 5%, while not offering a risk-sharing buffer in its flexible DC arrangement
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Closed Dutch Unilever fund to continue DB arrangement
Univest, the investment vehicle for all global Unilever pension schemes, will hand over two bond mandates to external managers
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Dutch trade union chief: not sure members would support DC switch now
The new system is still not perfect, says FNV president Tuur Elzinga
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Senate passes Dutch DC switch after 15-year debate
The new pension law in the Netherlands will come into force on 1 July 2023
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Dutch pension providers welcome additional year for DC implementation
Dutch social partners had spoken out against any delays beyond 2027, but now say they can live with the postponement
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Fresh delay to Dutch pension reform
Pensions minister Carola Schouten has offered a one-year extension to the implementation period in order to secure a Senate majority for the DC transition
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APG struggles with 2027 pension transition deadline
Its own planning schedule is hard to reconcile with demands set by the regulator, according to the Netherlands’ largest pension administrator
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Pension reform endgame, lower inflation to propel Dutch buyout market
The buyout market for pension funds stalled in 2022, with only one deal concluded
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Dutch pension federation slams over-inquisitive regulator over pension transition policy
DNB also gives itself excessive discretionary power to block the transition of pension funds to the new DC system, according to Pensioenfederatie
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Dutch ‘early bird’ schemes delay pension transition plans
Pension funds that had planned to transition to the new DC system in 2024 are delaying their plans due to lack of capacity with their administrators