Pension reforms well on the way, says economic advisory body
7 years, 11 months ago

Pension reforms well on the way, says economic advisory body

Dutch News  

The Netherland’s main government economic advisory body has laid out changes necessary to tackle the effects of an ageing population on pensions, the Volkskrant writes. A private pension pot for all citizens, fewer hard and fast guarantees as to future pay outs and greater transparency will be some of the new features, the SER told Edith Schippers, who is currently mediating between parties to form a new cabinet. An individual pension account will give people an idea of the amount they are saving but pension funds will still be making the decisions as to where the money will be invested, the Volkskrant writes. Fewer guarantees on how much a person receives a month will prevent disappointment, as pension funds have frequently lowered pensions over the years because of shortfalls, the SER said.

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History of this topic

Plan to withdraw 10% of pension savings postponed to 2026
1 week, 5 days ago

Plan to withdraw 10% of pension savings postponed to 2026

NL Times  

The Dutch government has postponed the introduction of the ‘bedrag ineens’ pension withdrawal option until July 2026. The measure, which would allow retirees to take out up to 10 percent of their total pension savings in a single payment, was originally scheduled to take effect on July 1, 2024, NOS reports. The organization has emphasized that while a lump sum …

Dutch pension funds, retirees need more say before system overhaul, says NSC
2 months, 1 week ago

Dutch pension funds, retirees need more say before system overhaul, says NSC

NL Times  

Coalition party NSC wants all pension funds to consult their members on whether they want to switch to the new pension system. NSC parliamentarian Agnes Joseph is submitting a proposal to have the participants of each pension fund express their opinion in a referendum before their fund can make the switch, NOS reports. The NSC has long advocated for pension …

Sluggish pension funds must embrace ‘culture of risk taking’, says City minister
1 year, 10 months ago

Sluggish pension funds must embrace ‘culture of risk taking’, says City minister

The Telegraph  

Pension funds have been urged by the City minister to embrace a “culture of risk-taking” as the Treasury draws up plans to bolster returns for savers using an industry lifeboat. Andrew Griffith said pension schemes must be willing to take a greater degree of risk in their investments, amid fears that a reluctance to put money in the stock market …

Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman
2 years, 4 months ago

Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman

The Hindu  

NITI Aayog Vice-Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence and promoting sustained growth. In an interview to PTI, Mr. Bery also underlined the need for enhancing capital expenditure and creating a space for …

1.7 million in Dutch workforce not linked to pension, raising retirement fears
2 years, 7 months ago

1.7 million in Dutch workforce not linked to pension, raising retirement fears

NL Times  

About 1.7 million Netherlands residents received an income from work in 2020 but did not contribute to a pension fund. A large part of this group also does not make up for that with other pension savings, De Nederlandsche Bank reported based on research into Statistics Netherlands data on pension accrual. Of the self-employed people who didn’t build up a …

Default investment option could help retirement savers build bigger pots
3 years, 4 months ago

Default investment option could help retirement savers build bigger pots

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Boost to pension savings gives 10 million more cash in old age
5 years, 11 months ago

Boost to pension savings gives 10 million more cash in old age

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Seven years …

No result after marathon talks; pension negotiations to continue next week
6 years, 4 months ago

No result after marathon talks; pension negotiations to continue next week

Dutch News  

Marathon talks between unions and employers have failed to produce an agreement on changes to the current Dutch corporate pension system and will continue after the weekend. The change is necessary because the aging population is putting more pressure on the current pension system and pension funds are having to pay out to more people for longer. State pension age …

No result after marathon talks; pension negotiations to continue next week
6 years, 4 months ago

No result after marathon talks; pension negotiations to continue next week

Dutch News  

Marathon talks between unions and employers have failed to produce an agreement on changes to the current Dutch corporate pension system and will continue after the weekend. The change is necessary because the aging population is putting more pressure on the current pension system and pension funds are having to pay out to more people for longer. State pension age …

Everyone should have a top-up pension, says spending body Nibud
6 years, 5 months ago

Everyone should have a top-up pension, says spending body Nibud

Dutch News  

Family spending institute Nibud says that everybody in work, including freelancers and the self-employed, should be required to build up a supplementary pension by law. ‘People are often too optimistic and would rather spend money than save it for later,’ spokeswoman Gabriella Bettonville told broadcaster NOS. ‘Given that fact, it would be extremely sensible to help people build up a …

Everyone should have a top-up pension, says spending body Nibud
6 years, 5 months ago

Everyone should have a top-up pension, says spending body Nibud

Dutch News  

Family spending institute Nibud says that everybody in work, including freelancers and the self-employed, should be required to build up a supplementary pension by law. ‘People are often too optimistic and would rather spend money than save it for later,’ spokeswoman Gabriella Bettonville told broadcaster NOS. ‘Given that fact, it would be extremely sensible to help people build up a …

Unions says ministers must freeze retirement age, or face no new pension deal
6 years, 6 months ago

Unions says ministers must freeze retirement age, or face no new pension deal

Dutch News  

The cabinet must come up with more money for the state pensions by freezing the pension age, if it wants the unions to make a deal on reforming the entire system, the FNV trade union said on Friday. The FNV, the biggest pension federation in the Netherlands, said in a statement it will be ‘very diffcult to make an agreement …

Self-employed funding crisis could undermine everyone's future
6 years, 9 months ago

Self-employed funding crisis could undermine everyone's future

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “If a …

Minimal retirement savings a problem for half of Netherlands self-semployed
7 years, 9 months ago

Minimal retirement savings a problem for half of Netherlands self-semployed

NL Times  

Nearly half of self-employed people in the Netherlands don't save enough for their pensions - 43 percent of Dutch self-employed will not be able to retire with an adequate pension on their current rate of savings, according to a study by the Economic Statistical Bulletin, RTL Z reports. Only 30 percent of employees in this income group don't have adequate …

Pension reforms well on the way, says economic advisory body
7 years, 11 months ago

Pension reforms well on the way, says economic advisory body

Dutch News  

The Netherland’s main government economic advisory body has laid out changes necessary to tackle the effects of an ageing population on pensions, the Volkskrant writes. A private pension pot for all citizens, fewer hard and fast guarantees as to future pay outs and greater transparency will be some of the new features, the SER told Edith Schippers, who is currently …

Most Dutch back pension overhaul, switch to personal schemes: poll
8 years, 9 months ago

Most Dutch back pension overhaul, switch to personal schemes: poll

Dutch News  

Some two-thirds of the Dutch population support the idea of a new pension system in which individuals are given more choice to determine what their pensions should look like, according to a new poll by Maurice de Hond. The poll of 3,200 people was commissioned by the Liberal democratic party D66, which supports a shake-up of the current pension system, …

Pressure mounts for major overhaul of Dutch pension system
8 years, 10 months ago

Pressure mounts for major overhaul of Dutch pension system

Dutch News  

Pressure is mounting in the Netherlands for a major overhaul of the current three-tier pension system, with a string of influential organisations and people calling for wholesale reform. The Dutch pension system is based on three parts: the state pension AOW, payable in full to everyone who has lived in the country for more than 50 years and at reduced …

Pressure mounts for major overhaul of Dutch pension system
8 years, 10 months ago

Pressure mounts for major overhaul of Dutch pension system

Dutch News  

Pressure is mounting in the Netherlands for a major overhaul of the current three-tier pension system, with a string of influential organisations and people calling for wholesale reform. The Dutch pension system is based on three parts: the state pension AOW, payable in full to everyone who has lived in the country for more than 50 years and at reduced …

Pension problems as firms fail workers and self-employed say no
9 years, 2 months ago

Pension problems as firms fail workers and self-employed say no

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. But executive director of automatic enrolment Charles Counsell warned: …

Self-employed should be forced to save for a pension: AFM
10 years, 2 months ago

Self-employed should be forced to save for a pension: AFM

Dutch News  

The self-employed may have to be forced to save for their pensions and employers should have more say in how much they contribute to employees’ pensions, the Dutch financial regulator AFM says in a report published on Tuesday. The AFM report is the regulator’s vision on pensions in the future and it says the present system is not flexible enough …

Self-employed should be forced to save for a pension: AFM
10 years, 2 months ago

Self-employed should be forced to save for a pension: AFM

Dutch News  

The self-employed may have to be forced to save for their pensions and employers should have more say in how much they contribute to employees’ pensions, the Dutch financial regulator AFM says in a report published on Tuesday. The AFM report is the regulator’s vision on pensions in the future and it says the present system is not flexible enough …

Cabinet reforms are affecting millions but we don't realise it yet: ING
10 years, 6 months ago

Cabinet reforms are affecting millions but we don't realise it yet: ING

Dutch News  

Dutch government reforms to the pensions and healthcare systems will increase the financial risks for richer people, according to an analysis of the changes by ING economists. The reforms will reduce the financial risks facing people with low incomes but will involve them spending more time working because of the later retirement age and taking care of elderly family members, …

Cabinet reforms are affecting millions but we don't realise it yet: ING
10 years, 6 months ago

Cabinet reforms are affecting millions but we don't realise it yet: ING

Dutch News  

Dutch government reforms to the pensions and healthcare systems will increase the financial risks for richer people, according to an analysis of the changes by ING economists. The reforms will reduce the financial risks facing people with low incomes but will involve them spending more time working because of the later retirement age and taking care of elderly family members, …

'New pension plans aim to force funds to take more risks'
11 years, 8 months ago

'New pension plans aim to force funds to take more risks'

Dutch News  

New rules for Dutch corporate pension funds will make the size of payouts less certain and force funds to take greater investment risks, RTL news reported on Thursday. The aim of the changes – which have been several years in the planning so far – is to ensure the Dutch supplementary pension system continues to work in the future. Inflation …

'New pension plans aim to force funds to take more risks'
11 years, 8 months ago

'New pension plans aim to force funds to take more risks'

Dutch News  

New rules for Dutch corporate pension funds will make the size of payouts less certain and force funds to take greater investment risks, RTL news reported on Thursday. The aim of the changes – which have been several years in the planning so far – is to ensure the Dutch supplementary pension system continues to work in the future. Inflation …

Pension funds prepared to invest in mortgages, give more air to banks
12 years ago

Pension funds prepared to invest in mortgages, give more air to banks

Dutch News  

Dutch pension funds are now prepared to help finance banks’ mortgage portfolios, giving them more room to make new loans, the Financieele Dagblad reports on Tuesday. The thesaurier-generaal – the finance ministry’s top civil servant – has been negotiating with pension funds, government officials and banks for almost three years in an effort to kick start the housing market and …

Pension funds prepared to invest in mortgages, give more air to banks
12 years ago

Pension funds prepared to invest in mortgages, give more air to banks

Dutch News  

Dutch pension funds are now prepared to help finance banks’ mortgage portfolios, giving them more room to make new loans, the Financieele Dagblad reports on Tuesday. The thesaurier-generaal – the finance ministry’s top civil servant – has been negotiating with pension funds, government officials and banks for almost three years in an effort to kick start the housing market and …

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