Home > Legal articles > Sector flags issues with value transfer of small pension rights
Several public entities have urged the Minister of Social Affairs and Employment to change recent legislation on small pension rights before 1 January 2020. In a previous edition of In context, we reported on this new legislation, which allows pension providers to automatically transfer the value of “new” small pension rights (arising after 1 January 2018). As to automatic value transfer of “existing” small pension rights – that is, rights arising before 1 January 2018 – pension providers have the automatic transfer right as of 1 January 2020. The Minister was requested to implement two changes: (1) allow the automatic value transfer of small pension rights due to the termination of the administration agreement, and (2) enable net pension rights, which cannot be transferred automatically, to be redeemed or transferred at another point in time. These changes should reduce administrative costs and preserve more pension rights.
This article is only available in Dutch, click here to read it.
15 December 2020
Pension funds must prepare now and be ready to apply SFDR in early 2021
23 October 2020
Privilege of foreign in-house counsel: English court sets standard, Dutch to follow?
16 September 2020
14 July 2020
Details of Dutch Pension Deal published: now is the time to start preparing
10 July 2020
Dutch Supreme Court: credit claims can be assigned and securitisation vehicle has duty of care
19 May 2020
Pension contributions during the crisis: postponing payment and key points for employers
1 May 2020
DNB requests new powers to scrutinise reorganisations of insurers
17 April 2020
US regulator joins list of non-EU supervisors with equivalent confidentiality regimes
16 April 2020
Dutch Pension Deal should distribute financial shocks fairly, but how?
16 March 2020
DNB clarifies guidance statements | Pension funds in the lead on organising key functions
De Brauw Blackstone Westbroek
Claude Debussylaan 80
1082 MD Amsterdam
The Netherlands
P.O. Box 75084
1070 AB Amsterdam
The Netherlands