id_home_story

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, 28 Apr 2026 06:04:11 +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?

Evli: Solution needed for spread target under the Wtp

Mon, 23 Feb 2026 10:01:44 +0100

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

Many pension funds are looking for efficient matching solutions within the Wtp. Due to a structural spread requirement of approximately 35bps, building blocks are needed that offer a higher spread, low spread duration and limited tracking error.

By Jan Willem van Stuijvenberg, Investment Consultant and owner, Van Stuijvenberg Financial Services, and Marco Granskog, Director International Business Development, Evli Bank Plc

Dick Kamp: After the transition, optimisation begins

Wed, 21 Jan 2026 09:08:09 +0100

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

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

With the transition to the new pension contract, pension fund administrators are taking on new tasks and responsibilities. One of the most important is optimisation: continuously improving business operations in order to carry out the social partners' mandate more effectively. This requires not just isolated measures, but a structural and integrated approach.

DNB: Kwartaalupdate voortgang transitie vierde kwartaal 2025

Tue, 20 Jan 2026 12:09:39 +0100

De pensioentransitie is in volle gang. Per 1 januari 2026 zijn 24 fondsen ingevaren in het nieuwe stelsel, wat het totaal op dertig fondsen brengt.

24 pensioenfondsen krijgen groen licht voor overstap in 2026

Mon, 05 Jan 2026 10:16:56 +0100

In totaal 24 Nederlandse pensioenfondsen, waaronder PMT, Pensioenfonds KLM-Cabinepersoneel en PFZW, hebben volgens ingewijden van toezichthouder DNB toestemming gekregen om per 1 januari 2026 hun pensioenregeling om te zetten naar het nieuwe stelsel.

BDO: Pensioensector zorgvuldig op weg naar nieuw stelsel

Tue, 09 Dec 2025 11:11:37 +0100

De pensioensector is goed op weg in de transitie naar het nieuwe pensioenstelsel. Ondanks grote uitdagingen zoals complexe IT-vraagstukken, continue aandacht voor deelnemerscommunicatie en stijgende kosten, klinken positieve geluiden van fondsen die al over zijn. De recent door de Eerste Kamer goedgekeurde verruiming van de uiterste datum om in te varen naar 1 januari 2028 geeft de sector meer ruimte om de transitie succesvol af te ronden.

Aon: Stijging dekkingsgraden pensioenfondsen houdt aan

Mon, 01 Dec 2025 14:22:42 +0100

De indicatieve* gemiddelde dekkingsgraad van de Nederlandse pensioenfondsen is in november gestegen naar 130%. Een verdere stijging van de rente is de belangrijkste oorzaak van de toename van de dekkingsgraad.

Dick Kamp & Raymond van Es: Applications of AI in the pension sector

Tue, 18 Nov 2025 08:01:04 +0100

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

By Dick Kamp, Director of Pensions, Investment and Risk, Milliman Pensioenen, and Raymond van Es, Principal and Practice Leader Data Science & AI, Milliman

AI has the potential to radically change the pension sector. Pension funds, pension administrators and pension insurers face complex challenges, such as managing large amounts of data, accurately predicting future liabilities and returns, and optimising customer communication. AI offers increasingly innovative solutions for these challenges.

Hans de Ruiter: Private markets even more interesting under the Wtp

Mon, 17 Nov 2025 10:03:08 +0100

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

Private markets are playing an increasingly important role in pension fund portfolios. Not only do they offer extra returns, they can also cushion the shocks of stock market volatility, which is becoming particularly important under the new pension system. However, good manager selection and governance structure are key to success, says Hans de Ruiter, CIO at Pensioenfonds TNO.

By Harry Geels

Fidelity International: Nederlanders blijven vertrouwen houden in pensioenregelingen

Thu, 13 Nov 2025 12:12:25 +0100

Meer dan 2 op de 5 mensen wereldwijd komen minstens 10 jaar spaargeld tekort voor hun pensioen. Nederlanders hebben minder zorgen hierover en werken graag langer door. Dat blijkt uit onderzoek van Fidelity International ('Fidelity'), in samenwerking met het National Innovation Centre for Ageing (NICA).