All db/dc switch articles – Page 5
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NewsABP 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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NewsPensioenfonds 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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NewsDutch 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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NewsPhilips 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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NewsPGB 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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NewsClosed 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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NewsDutch 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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NewsSenate 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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NewsDutch 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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NewsFresh 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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NewsAPG 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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NewsPension 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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NewsDutch 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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NewsDutch ‘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
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NewsDutch pension law heads to Senate after parliamentary approval
The Netherlands’s Second Chamber approved the law just before Christmas with a comfortable majority
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New Dutch pension law approved after years of delay
The vote came late last night after much deliberation
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NewsDutch opposition moves to support pension changes
GroenLinks and PvdA give the switch to DC “the benefit of doubt” as the government has pledged to do more to increase the number of people accruing a pension
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Dutch pension benefits up to 40% higher in new system
Especially younger people benefit from the switch to DC because there will no longer be a need for buffers, according to calculations by pension regulator DNB
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NewsLarge Dutch pension funds defend DC switch in letter to parliament
The initiative was triggered by recent negative media reports about the move to DC, according to ABP, PFZW, PMT, Bpf Bouw and PME
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Dutch opposition parties play hard to get as pension debate runs into overtime
PvdA and GroenLinks, whose support the government needs to steer the law through the Senate, want more assurances to bring down the number of workers without a pension
