Pension funds must comply with various statutory requirements on being set up and when administering pension schemes. The requirements of pension funds are twofold. On the one hand they focus on promoting the solidity of pension funds (prudential requirements) and on the other hand they focus on pension funds’ control or joint control structures and the relations between the employees, employer and the pension provider (material requirements). These requirements are intended to protect members, deferred beneficiaries and pension beneficiaries.
The Pension Act (for company pension funds and industry-wide pension funds), the Obligatory Occupational Pension Schemes Act (for occupational pension funds) and the secondary legislation based on these Acts impose prudential requirements on pension funds in the following areas (this is not an exhaustive list):
The Pension Act (for company pension funds and industry-wide pension funds), the Obligatory Occupational Pension Schemes Act (for occupational pension funds) and the secondary legislation based on these Acts impose material requirements on pension funds in the following areas (this is not an exhaustive list):
The prudential and material requirements are worked out in more detail in the secondary legislation and relate to all sorts of operational, technical and financial aspects of pension funds. The provisions in the secondary legislation take account of the various risks involved.
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
From 25 November 2024, Jochem Dijckmeester will succeed Cindy van Oorschot as Divisional Director of Pension Supervision at DNB.
Read more Jochem Dijckmeester appointed Divisional Director of Pension Supervision
Embedded finance offers customers the convenience of in-app payment options and on-the-spot insurance. This seamless integration of financial services, available exactly when and where they are needed, makes life simpler. But this innovation also entails new risks.
Read more Embedded finance: striking a balance between convenience and risk in the digital economy
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
