Achmea Pensioenservices has produced and published a roadmap and corresponding step-by-step plan on preparing for the Dutch Future Pensions Act, which is due to come into effect in July 2023.

In its guide, Achmea Pensioenservices has mapped out all the steps for pension schemes to be ready for the deadline of 1 January 2027 to switch to a new pension scheme.

In addition to all the steps, Achmea Pensioenservices’ roadmap also detailed which actions were needed at different times for pension administration, member communications and asset management.

Achmea Pensioenservices hopes that its Routemap for the Future of Pensions Act can contribute to pension schemes making a smooth transition to the new system.

Experts from across the sectors at Achmea Pensioenservices were involved in the development of the roadmap, including those from the Pension Agreement programme, pension experts, management advice, actuarial advice, legal advice, marketing, investment management, and pension communication.

“In other words, a real co-creation,” commented Achmea Pensioenservices Pension Agreement program manager, Lieke Werner.

“As a sector, we are all faced with the task of transitioning to the new pension system.

“Supporting pension funds to take the right steps and involving all parties involved at the right time also helps us as an administrative organisation.”

One important point of the journey was identified as the moment that a choice needs to be made for the type of contribution scheme.

“It is important that the pension fund informs us about this,” Werner continued.

“The choice of a contract is decisive, among other things, for the cooperation with asset management, because that differs greatly per contract.

Werner encouraged pension schemes to go “full throttle” with their preparations.

“Our message to pension funds and social partners is to make timely decisions, test what the supporters want and check whether something is feasible,” she stated.

“Because not only do many decisions have to be made well before 1 January 2027. Together we have to set up workable arrangements for all customers in a short period of time.”

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