Dutch schemes in joint levensloop move
NETHERLANDS - Four Dutch pension funds have joined forces to offering a product specifically for the new 'levensloop', or live course, scheme.
The initiative has been announced by the railways pension fund SPF, the pension fund for the public transport SPOV, Pensioenfonds PNO Media and the industry-wide pension fund for the agricultural wholesale, or AVH.
New participants, e.g. Dutch pension schemes or companies, are welcome, the four schemes said in a statement. Together they represent 1200 companies and 75,000 employees.
According to the schemes, their 'flexible' LevensloopPlus will be an investment fund, with multiple choices, e.g. a liquidities fund and a mix fund.
"Participating pension funds can keep on serving their members themselves, for example via a front office application with the pension provider, if the member agrees', they added.
SPF Beheer will coordinate the introduction of the LevensloopPlus.