Since 2018, profound change has taken place in the Dutch pensions market, with political agreements achieved in June 2019 to create a new sustainable and flexible pension framework allowing for variable benefits and (optional) personal accounts.
As part of our 2019 global survey of retirement goals and challenges, we interviewed 195 DC plan sponsors globally, including 37 from the Netherlands. Here, we’re sharing 6 country-specific highlights:
Ease and simplicity were high on the agenda for Dutch plan sponsors when asked what they consider when selecting a plan provider. Providers should offer ease in implementation, maintenance and monitoring for the employer and ease in understanding and use for the employees. Premium contribution costs and administration and asset management fees came in much lower in the equation.