All Notes from the Netherlands articles
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Opinion PiecesCould Dutch pension reforms still be reversed?
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.
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Opinion PiecesOpponents of Dutch pension reform can’t agree
The Dutch parliamentary elections of 22 November not only resulted in a historic victory for Geert Wilders. The record loss of the governing coalition also meant the new Pension Act no longer has majority support in parliament.
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Opinion PiecesElection result is bad news for the pension sector
NSC, the new political party that made headlines in this publication with its controversial plan to block pension funds from converting DB pensions to DC without explicit consent from members, did not win the landslide victory that many pension executives feared. But they probably did not get a good night’s sleep anyway.
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Opinion PiecesDon't expect Dutch pension funds to make a big move to alternative investments
It is often assumed that the upcoming pension reform in the Netherlands will lead pension funds to increase their allocations to alternative assets as their policy priorities will move from protecting their funding ratios to providing indexation for their members.
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Opinion PiecesNotes from the Netherlands: Inflation could bolster pension reforms
The Dutch pension agreement, paving the way for a change from a defined benefit to defined contribution-type system, was concluded in the pre-COVID summer of 2019. But it is still waiting to be implemented, with the delay blamed on the protracted negotiations following Dutch parliamentary elections in March 2021.
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Opinion PiecesNotes from the Netherlands: It’s the implementation, stupid
The Dutch pensions regulator, DNB, praised pension funds in a recent report for having better structures in place to manage their exposure to climate risk than banks and insurance firms. But as always, the devil is in the detail.
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Opinion PiecesNotes from the Netherlands: Too eager to index
Most Dutch pensioners have been craving indexation ever since the financial crisis in 2008-09. Understandably, patience is running thin, especially now that inflation has reached its highest level since the introduction of the euro.
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Opinion Pieces
Notes from the Netherlands: Truly Paris aligned
A milestone was reached in July when the first Dutch pension fund announced its divestment from fossil fuels. Surprisingly, the fund in question was neither civil service scheme ABP nor healthcare fund PFZW, the two largest Dutch funds, both of which have the ambition to be leaders in sustainable and responsible.
