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...

Currently, there is a dynamic and ongoing improvement in life expectancies that is not accounted for in pension systems designed to provide financial security in retirement.All over Europe, there are currently employment-based (2nd pillar) pension funds and first pillar pay-as-you-go (PAYG)...

In July 2012, the European Commission asked the European Insurance and Occupational Pensions Authority (‘EIOPA’), in the broader context of efforts to develop private funded pensions, to advise on a legal framework for a Single Market for PPPs. Following a Discussion Paper, a Preliminary...

In this article we will discuss what the work of the EC and EIOPA means and how we should move towards a more objective valuation of pension liabilities in the EU. There are many different kinds of pension liabilities in the European Member States, and there are at least just as many different...

This report focuses on the voluntary and complementary pension Fund (hereafter: the Fund) for Members of the European Parliament (MEPs) and specifically whether the guarantee that was given by the EuropeanParliament (EP) to uphold all rights of members of the Fund (theguarantee) can be legally...

A lack of European integration is keeping the markets closed off and, as a result, opportunities for growth and improvement in the Dutch and European pension and labour markets are not being sufficiently harnessed. We see developments that are laying the foundations for what we would like to...

Worldwide we see a move to DC schemes. Most – if not all countries – choose the operate DB next to DC.However, in The Netherlands, the legislator choose for so-called conversion: transforming 'old' DB- to 'new' DC.In 2011, the Dutch legislator introduced the so called 'Pension Custodian'. It...