And now to work on the Future of Pensions Act!
The Future of Pensions Act has been passed by the Dutch House of Representatives. If the Dutch Senate also approves the bill (expected in January or February), it will take effect on 1 July 2023. All pension schemes must meet the new Pensions Act by 1 January 2027.
Readtime 4 minutes
The state pension increase is an unintended bonus for employers – or is it?
From 1 January 2023 the state pension will be raised by over 10%. In a number of cases, depending on regular salary increases and the distribution of salary levels among participants, this will lead to a reduction in pensionable earnings for the coming year – and, consequently, to lower pension accrual and lower absolute pension contributions. Is this an unintended bonus for employers or does it present opportunities? A column by Berry van Sonsbeek
Readtime 3 minutes
Key issues in the further development of life cycles: sustainability and illiquid investments.
Investments play an increasingly important role in the selection of a pension provider for DC schemes. Price is no longer the main decisive factor – employers have also become more critical of life cycle quality and sustainable investing, for example. Zwitserleven modified its life cycles in November to increase both expected pension proceeds and the sustainable impact of the life cycles. How? Sales director Ria Blok-Leenheer and product manager Catelijne Reissenweber are happy to explain.
Readtime 5 minutes
Group transfer of accrued benefits: an underappreciated option.
A kind of aversion seems to have arisen recently against group transfers of accrued benefits to a new pension provider. What are employers’ considerations when making this decision? And more importantly, what is best for participants?
Readtime 5 minutes
Zwitserleven named ‘Best Performing Network Partner’ by the Swiss Life Network.
Zwitserleven was recently named ‘Best Performing Network Partner’ at the Swiss Life Network’s annual conference in Cannes. Zwitserleven is the exclusive partner in the Netherlands of the Swiss Life Network, a global alliance founded in 1962 bringing together 90 leading local insurance companies from more than 80 countries. The network enables multinational pooling serving large clients with international operations.
Readtime 3 minutes
Improved lifecycles.
We invest the pension contributions in accordance with our sustainable investment policy. We thus contribute to a better world and strive to provide participants with the best possible pension, at a responsible degree of risk. We are adjusting the lifecycles in our HorizonBeleggen and ProfielBeleggen investment forms in November 2022. Our reasons for doing this and the implications for participants are explained here.
Readtime 6 minutes
New way to determine investor profile in MijnZwitserleven.
An investor profile gives participants insight into the investment risk they are able and willing to take. We believe it is important to properly guide participants in choosing the most appropriate profile. We have therefore further developed the method used to determine the investor profile.
Readtime 3 minutes
Zwitserleven PPI interim figures 2022.
Zwitserleven PPI has published its 2022 interim figures. Down from € 1.591 billion in December 2021 to € 1.480 billion in June 2022, assets under management (invested assets) were hit by declines in the value of financial market investments in the first half of 2022. Contribution volume increased from € 123 million to € 153 million in the same period. This is due to growth in the number of employers served by the PPI, which has increased from 2,900 to more than 3,200.
Readtime 2 minutes
Athora Netherlands interim figures 2022.
Strategy bears fruit, Solvency II ratio up sharply to 202% Athora Netherlands is making significant progress in implementing its Ambition 2025 strategy. That much is evident from its interim figures published today. Particular eye catchers are the strong increase of our solvency, as well as improved net underlying performance and a 5% growth in pension contribution income. Our solvency went up 22 percentage points to 202%, from 180% at year end 2021.
Readtime 4 minutes