id_home_story

PFZW: 5,7% rendement tweede kwartaal

Thu, 13 Aug 2026 09:03:26 +0200

PFZW is per 1 januari 2026 overgestapt naar het nieuwe pensioenstelsel. De afgelopen maanden verstuurden we naar pensioengerechtigden het overzicht van hun nieuwe pensioeninkomen. (Gewezen) deelnemers ontvingen een transitie uniform pensioenoverzicht (TUPO) dat in 2026 eenmalig het uniform pensioenoverzicht vervangt.

Vanguard: Nieuw pensioenstelsel vraagt om andere blik op uitgaven

Fri, 07 Aug 2026 08:54:34 +0200

Het pensioen is geen eindpunt, maar een financiële reis die tientallen jaren kan duren. Nu Nederland overstapt naar een nieuw pensioenstelsel wordt het belangrijker om niet alleen te kijken naar hoeveel pensioen je opbouwt, maar ook naar hoe uitgaven door de pensioenjaren heen veranderen.

Pensioenfederatie steunt Europees belastingvoorstel, wil snellere invoering

Fri, 07 Aug 2026 08:54:34 +0200

De Pensioenfederatie steunt het voorstel van de Europese Commissie voor een Belasting Omnibus, dat fiscale belemmeringen voor grensoverschrijdende beleggingen door pensioenfondsen moet wegnemen. Volgens de koepelorganisatie kan het voorstel op termijn leiden tot hogere pensioenen en draagt het bij aan de Europese Spaar- en Investeringsunie.

Dick Kamp & Bjorn Blom: Data quality as a foundation of reputation

Wed, 29 Jul 2026 08:12:55 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Dick Kamp, Director of Pension Investment & Risk, and Bjorn Blom, Data Scientist, both at Milliman

With the introduction of the Future Pensions Act (Wtp), accurate data is more important than ever. Continuous monitoring and smart AI checks help pension funds maintain members’ trust.

PME: Sterke financiële positie richting overgang naar nieuwe pensioenstelsel

Thu, 23 Jul 2026 09:01:30 +0200

PME gaat met een sterke financiële positie de laatste maanden in voor de overgang naar het nieuwe pensioenstelsel. De actuele dekkingsgraad steeg naar 127,7% en biedt een goede uitgangspositie voor de beoogde overgang op 1 januari 2027. Om die sterke uitgangspositie te behouden, heeft PME in de afgelopen periode het aandelenrisico verlaagd. Daarnaast zijn andere belangrijke stappen gezet in de voorbereidingen op de overgang, waaronder het indienen van een aangepast implementatieplan bij DNB.

Dick Kamp: The Wtp makes the board accountable for the system

Tue, 16 Jun 2026 09:46:11 +0200

_{This column was originally written in Dutch. This is an English translation.}

In my previous column, I wrote that the Wtp entails a new role for the board. What does this shift mean in practical terms for risk management, governance and supervision?

By Dick Kamp, Director of Pensions, Investment and Risk, Milliman Pensions

Nuveen: Implications of the Dutch pension transition

Thu, 21 May 2026 06:04:30 +0200

With almost € 2 trillion of pensions assets on the move, the Dutch pension transition is raising fundamental questions for pension providers. What are the implications for different asset classes?

By Gül Poslu, Managing Director, Head of Benelux, Global Client Group, and Asbjörn Friederich, Senior Research Analyst, both at Nuveen

AF Advisors: To gain control of the Wtp chain, a guaranteed TOM is required

Tue, 19 May 2026 10:36:09 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Ed Vermeulen, Director of Organisational Consultancy, and Dirk-Jan Gerrits, Partner, both at AF Advisors

During the roundtable discussions on SPR implementation organised by AF Advisors, it became clear once again just how important a shared target operating model (TOM) is for pension funds.

PFZW: Succesvolle overstap van ruim 3 miljoen deelnemers

Wed, 13 May 2026 09:19:27 +0200

PFZW is per januari 2026 overgestapt naar het nieuwe pensioenstelsel. In maart zijn we begonnen met het versturen van de tweede berekening-brief naar pensioengerechtigden, met daarin ook een overzicht van hun nieuwe pensioeninkomen.

DNB: Pensioentransitie en dekkingsgraad pensioenfondsen 1e kwartaal

Wed, 29 Apr 2026 09:04:04 +0200

De transitie naar het nieuwe pensioenstelsel zet door, waarbij een groeiend deel van het pensioenvermogen inmiddels is ingevaren. In het eerste kwartaal van 2026 is de dekkingsgraad van pensioenfondsen die nog onder het FTK vallen gedaald, vooral door negatieve beursontwikkelingen.

Dick Kamp: The Wtp requires a more differentiated and transparent approach to risk management

Tue, 16 Jun 2026 08:01:22 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Dick Kamp, Director of Pensions, Investment and Risk, Milliman Pensions

The introduction of the Wtp compels pension funds to fundamentally reassess their risk management framework. In a two-part series, I examine the impact of the Wtp on risk management and governance. In this first part, I outline the contextual shift brought about by the Wtp, the key elements of the risk management framework, and the impact of the new legislation on that framework. I conclude with a discussion of the Own Risk Assessment (ERB) as a central instrument in this new context.

The Wtp forces decisions regarding continuity, complexity, and communication

Fri, 24 Apr 2026 10:02:12 +0200

^{This report was originally written in Dutch. This is an English translation}

“The fiduciary is going to disappear,” and “After the transition, that’s the moment to substantially increase the allocation to private markets.” These and other provocative statements fly back and forth during Financial Investigator’s pension seminar “Investing under the Wtp: lessons from the frontrunners—and what comes after the transition?”

By Esther Waal

Jeroen van der Put: Fiduciary in 2030, from one-stop-shop to specialist

Mon, 20 Apr 2026 06:04:36 +0200

_{This interview was originally written in Dutch. This is an English translation.}

Financial Investigator recently organised a roundtable discussion on fiduciary management. Afterwards, we asked chairman Jeroen van der Put, director and advisor to various pension funds, for his views on the future role of the fiduciary. According to him, consolidation, technological developments and stricter requirements are forcing fiduciaries to specialise, increase transparency and redefine their role.

By Esther Waal

The Wtp transition: Lessons learned from Paul van Gent (BpfBOUW)

Wed, 01 Apr 2026 10:03:58 +0200

_{This special was originally written in Dutch. This is an English translation.}

Paul van Gent, Bestuurslid, BpfBOUW, made the switch to the new pension system on 1 January 2026. He shared his experiences with Financial Investigator.

By Esther Waal

The Wtp transition: Lessons learned from Marit Kosmeijer (Sprenkels)

Thu, 26 Mar 2026 06:02:00 +0100

_{This special was originally written in Dutch. This is an English translation.}

Marit Kosmeijer, Director of Investments and Actuarial Services at Sprenkels, made the switch to the new pension system on 1 January 2026. She shared her experiences with Financial Investigator.

By Esther Waal

MN: Complex Wtp transition without compromising on quality

Mon, 23 Mar 2026 06:03:55 +0100

_{This article was originally written in Dutch. This is an English translation.}

The past New Year was a special one for fiduciary asset manager MN: the Hague-based advisor and administrator transferred the asset management of two of its largest clients, PMT and Bpf Koopvaardij, to the new system. Financial Investigator looks back with programme manager Ramon van Steekelenburg and Hester Borrie, Director of Fiduciary Advice.

By Jolanda de Groot

The Wtp transition: Lessons learned from Bas van Ooijen (Pensioenfonds Horeca & Catering)

Wed, 18 Mar 2026 10:01:13 +0100

_{This special was originally written in Dutch. This is an English translation.}

Bas van Ooijen, Head of Investment Management at Pensioenfonds Horeca & Catering, made the switch to the new pension system on 1 January 2026. He shared his experiences with Financial Investigator.

By Esther Waal

Strategic allocation, ESG and geopolitical risks (roundtable ‘Fiduciary Management in 2030’ – part 3)

Mon, 16 Mar 2026 10:39:41 +0100

In part 3 of the roundtable report on Fiduciary Management in 2030, participants explore how strategic asset allocation is changing under the influence of geopolitics, ESG, technology and the new pension system. From illiquidity and impact investing to AI and uncertainty: what do these trends mean for pension funds and the role of the fiduciary manager?

By Hans Amesz

State Street: Nederlandse pensioenallocaties verschuiven door transitie

Fri, 13 Mar 2026 12:09:31 +0100

State Street publiceert met The Shifting Global Landscape for Retirement het eerste deel van de internationale onderzoekserie Reimagining Retirement. Dit rapport is een diepgaande analyse van de impact van demografie, arbeidsmarktveranderingen, technologie en fiscale druk op de pensioenstelsels van vijftien landen waaronder Nederland.

Consolidation, complexity and choices towards 2030 (roundtable ‘Fiduciary Management in 2030’ – part 2)

Mon, 16 Mar 2026 10:39:36 +0100

_{This report was originally written in Dutch. This is an English translation.}

In part 2 of the roundtable report on Fiduciary Management in 2030, participants discuss how the Wtp, economies of scale and increasing complexity are changing the demand for fiduciary management. Innovation, communication with participants, alternative investments and costs are also discussed as determining factors for the future of the sector.

By Hans Amesz

The Wtp transition: Lessons learned from André van Werven (BPFL)

Wed, 11 Mar 2026 11:26:34 +0100

_{This special was originally written in Dutch. This is an English translation.}

André van Werven, Investment Manager at the Food Industry Pension Fund (BPFL), made the switch to the new pension system on 1 January 2026. He shared his experiences with Financial Investigator.

By Esther Waal

The many faces of fiduciary management (roundtable ‘Fiduciary Management in 2030’ – part 1)

Mon, 16 Mar 2026 10:39:42 +0100

_{This report was originally written in Dutch. This is an English translation.}

What exactly is fiduciary management? In part 1 of the roundtable report on Fiduciary Management in 2030, participants discuss definitions, roles and models – from strategic advice to implementation – and show how governance, scale and the choices made by pension funds determine how fiduciary management is implemented in the Netherlands.

By Hans Amesz

Mark van Schagen: In search of the right balance between efficiency and humanity

Wed, 04 Mar 2026 10:14:18 +0100

_{This interview was originally written in Dutch. This is an English translation.}

With one foot in the insurance sector and the other in the pension sector, he strongly believes in the power of consolidation and economies of scale, provided that the cooperative DNA is preserved. Financial Investigator spoke with Mark van Schagen, Senior Portfolio Manager at CZ and board member at SBZ Pensioen.

By Lies van Rijssen

Sweder van Wijnbergen: Pension funds' climate policy conflicts with the Tinbergen rule

Fri, 27 Feb 2026 10:13:26 +0100

_{This interview was originally written in Dutch. This is an English translation.}

The pension sector is facing one of the biggest systemic changes in its history. Financial Investigator asked Sweder van Wijnbergen, economist, top advisor, and long-time critic of both regulators and politicians, what the challenges of the new system are and what he thinks of the preference of many pension funds for sustainability and passive investing.

By Harry Geels

Dick Kamp: Risk management and the end-of-history illusion

Tue, 24 Feb 2026 09:04:01 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Dick Kamp, Director of Pensions, Investment and Risk, Milliman Pensions

We usually associate personal development with our younger years: studying, first jobs, discovering who you are and what you want. Yet growth does not stop after the age of thirty. How do people of other ages view their own development?