The pension fund for retailer C&A in the Netherlands, Provisum, has announced it is delaying the transition to its new scheme.

Provisum had planned to transition to its new scheme, as mandated by the Dutch Future Pensions Act (Wtp), on 1 January 2026.

However, in a statement, it said this would no longer be possible, as the regulator, De Nederlandsche Bank (DNB), requires more time to assess the scheme’s plans for transition.

In July, the pension fund supervision division of DNB defended its approach to the Wtp transition, stressing that it "asks questions that require more time to answer properly”.

At this point, Provisum is unable to confirm a new target transition date.

However, the pension fund also confirmed its intention to increase pensions for members from 1 January 2026 based on price inflation for 2025.

A decision will be made in December.

The scheme joins a growing list of Dutch pension funds delaying their transition date.

Earlier this month, Stichting Pensioenfonds Medisch Specialisten (SPMS), the Dutch pension fund for medical specialists, announced a delay to its transition to the new Dutch pension system due to capacity pressures at its administrator APG.

https://www.europeanpensions.net/ep/SPMS-to-delay-transition-due-to-capacity-pressures-at-APG.php

The pension fund was due to transition on 1 January 2027, but it now plans to switch between 1 July 2027 and 1 January 2028.

In August, Aon Netherlands said that 78 funds have recently adjusted their previously set transition dates.

Indeed, Aon Netherlands director wealth, Frank Driessen, previously said administrators are struggling to have the systems ready on time to transition.

“The practicalities are proving difficult, and it is demanding a lot from the pension administrators to make a controlled transition to the new system. The big peak will probably shift to 2027,” he said.

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