Consultation launched on 2019 Pensions Collection Bill
At the beginning of May 2018, the Dutch government launched a public consultation on the 2019 Pensions Collection Bill. Under the current draft, the accountable or stakeholders’ body will be given the right to advise on or consent to a fund’s policy on the mass transfer of existing small pension rights. The body will not be given any rights relating to the actual value transfers. The government also wants to change the transitional provisions on deadlines for redemption of small pension rights. The value transfer of small pension rights will be a major task for pension providers. The applicable procedural rules are important. Pension providers are recommended to follow the developments of this consultation document as well as the bill closely.
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