With an i-Pension scheme your employees build up a defined benefit. They do not run any investment risk.
To determine the premium, we use RendementsCorrectie. We look at the market interest rate and the average age of your employees. We use the 20-year point on the Euro Swap bid rate curve as a benchmark for determining the RendementsCorrectie. A discount or a surcharge will be derived from this. You will pay more or less premium because of the RendementsCorrectie. The current level of discount or surcharge is available here.
Fixed or variable?
It is up to you to decide how often we determine the premium discount or surcharge. You can do this by choosing RendementsCorrectie Fixed or RendementsCorrectie Variable.
We determine the RendementsCorrectie Fixed at the start of the administration agreement. The discount or surcharge on the premium will apply for the entire term of your agreement. The premium does not depend on fluctuations in market interest rates. The advantage for you is that if the market interest rate falls, your premiums will not increase. RendementsCorrectie Fixed is suitable for you if you think that the market interest rate will fall during the term of your agreement. And if you benefit financially from fixed charges.
Please note: if market interest rates rise, you will not benefit from a reduction in premiums.
We can adjust the RendementsCorrectie Fixed if there are significant changes in the participant base. Or if the scheme rules are amended, for example, to increase the retirement age.
The RendementsCorrectie Variable is determined monthly. The discount or surcharge on the premium fluctuates with the increases and decreases in market interest rates. The advantage for you is that if the market interest rate rises, your pension premium will be reduced. Please note: if the market interest rate falls, the premium you pay will rise. This option is suitable for you if you think that market interest rates will rise during the term of your agreement. And if you can cover a premium increase if the market interest rate decreases.
Yield correction for Net Pension
Do you also insure a Net Pension for employees who earn more than €114,866 (2022)? And do you also insure a net partner's pension and a net orphan's pension for these employees? A RendementsCorrectie applies in this case too. This is the same as for the Zwitserleven Exclusief Pensioen product.
Solvency and asset management fee
The solvency and asset management fee together amount to 0.25%. The solvency fee enables us, for example, to guarantee the pensions if the insured parties live longer than expected. We need the asset management fee to manage the pension assets. The solvency and asset management fee is part of the RendementsCorrectie. It is incorporated in the RendementsCorrectie percentage in the graph above.