NETHERLANDS – The Dutch central bank and pensions regulator (DNB) is looking to hire a pension fund consultant to assist with the development of a new pension arrangement for its employees, according to a contract notice posted on the European Union's Tenders Electronic Daily in December.

The contract involves consulting services regarding the development and implementation of a new pension arrangement, as well as advising the DNB in negotiations with relevant labour unions.

Interested parties must have no current involvement with the existing DNB pension fund, as a consultant or in any other capacity.

In addition, DNB requires demonstrable previous experience developing an entirely new pension scheme.

Alternatively, candidates' experience should include "substantial changes to an existing corporate pension scheme with the objective to economise the arrangement (lowering costs to the employer)", according to the conditions set out in the notice.

To qualify, prospective consultants should also have experience advising clients during contract and other negotiations with the pension fund manager.

The DNB pension fund has outsourced its asset management to BlackRock as of 2007 in a fiduciary management mandate.

The scheme has more than €1.1bn in assets and reported a funding ratio of 108% as of 30 November 2012.

The DNB told IPE's sister publication IPNederland that it was "too early" to provide details regarding the new arrangement.

DNB spokesman Remko Vellenga said: "All we can say at this point is that we will be adjusting the old pension arrangement to conform to new legislation, including the FTK and changes in the pensionable age.

"Our goal is for the new arrangement, applying to all DNB employees, to take effect from 1 January 2014."