VB to set up separate pension commission

NETHERLANDS - VB, the Dutch organisation for industry-wide pension funds, plans to establish a pension commission focusing on the export of the Dutch pension system.

Speaking at the VB's Pensioen Panorama in The Hague last week, VB chairman Willem Noordman said the commission would, for instance, look at how the Netherlands can best promote abroad their collective pension arrangements.

"What is important to me is the export of the Dutch pension system as a whole - the vision on pensions, the interplay between employers and employees, plus the technique. I envisage the sale of insured arrangements abroad," ," said Noordman.

The VB, which will discuss the new commission's tasks at its board meeting on September 18, said the initiative is separate from the new Holland Financial Centre (HFS).

HFS was set up earlier this year by market players, ministries and regulators to promote the Netherlands as an international financial centre of excellence.
"In principal, it is a separate initiative: the sector needs to get to work itself. But naturally there will be a harmonisation and exchange of information," VB spokeswoman Gerda Smits told IPE.

Elsewhere, Dutch minister of finance, Wouter Bos said on Thursday during a HFS congress he wants to create a more attractive supervisory climate in the Netherlands for pension funds, banks and insurers.

Main European competitors to the existing regulatory regime are Ireland, Luxembourg and Belgium.

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