At the end of 2022 the Dutch Parliament successfully voted on the new pension law (WTP), including additional amendments. The final step to take is the approval by the Senate. With the new law, existing defined benefit schemes worth 1,500 billion EUR will be transmuted into defined contribution, which requires a formerly collective pot to be divided into individually allocated funds. Less attention has been given to the operational implementation of the law, even though the implementation comes with considerable challenges and risks. This article is only available in Dutch.
Operate efficiently or step aside
The years of easy, high-margin wins for asset managers is over. Welcome to the reality...
