This week, the Federation of the Dutch Pension Funds published their policy agenda. In the agenda, the federation states that future pensioners will become increasingly responsible for their own pension, as the government as well as employers are pushing this responsibility away from them. Resultingly, this shift of responsibility requires a strong adaptability by all stakeholders. As innovation is becoming increasingly important in the pension sector, the federation has entered a partnership with Holland FinTech to stimulate the adoption of innovation.
Collaboration with Holland FinTech
According to the federation, technological developments are becoming increasingly impactful in the pension sector. The possibilities facilitated by these innovative developments are not near to being fully benefitted by the pension landscape, the federation continues. Therefore, the Federation of the Dutch Pension Funds has entered a collaboration with Holland FinTech to stimulate the adoption of innovation in the pension sector. Together, they plan to organize member events regarding the opportunities of fintech.
The Dutch pension sector in 2018
To innovate within the financial sector, experimentation is required by the federation. Also, a mindset shift and manoeuvrability within the pension sector are of importance according to the agenda. Additionally, the federation predicts continuation of consolidation within the industry, enabling parties to comply with regulations, scalability and cost reduction. The most important policy issues receiving the federation’s dedication are: the alternative pension contract and transitioning, the offering of more choices for pension participants and more consideration for freelancers and employees with flexible contracts.