The UK and the Netherlands have different legal and regulatory regimes for defined benefit pension schemes. This paper compares and contrasts the key features of those regimes. The UK allocates all of the underfunding risk in a UK defined benefit pension scheme to the employer, backed up by the...

This article discusses issues regarding ‘conversion', in particular the transformation of second pillar pension rights and entitlements. It considers the different European law regimes that are an influence on conversion, namely EU law and the law regarding the European Convention on Human...

The PEPP is an EU pension product which is governed by EU law. It can serve as an addition to existing schemes and products. There is no EU law definition of pillars. In this working paper authors argue that a Dutch DC IORP (a Premium Pension Institution) can offer a PEPP in conformity with...

This Dutch paper deals with the Cartesio judgment regarding the transfer of the seat of subsidiaries of pension funds (IORPs) and Insurance companies. The paper discusses the judgment and related case law (Sevic, Daily Mail, Centros)

Through the PPI the Netherlands will position itself as an excellent location for the establishment of cross-border operating pension vehicles (institutions for occupational retirement provision, IORPs). Several factors contribute to this:– It is a relative simple and transparent vehicle; –...