The challenge of maintaining a FTK DB administration after the transition

Insights

25/01/2024

The Dutch pension industry is undergoing a pivotal shift with the transition from Defined Benefit (DB) to Defined Contribution (DC) schemes, as mandated by the Future of Pensions Act (WTP). This change is reshaping pension risk management, presenting unique challenges and opportunities for providers and participants.

Lumera's latest white paper addresses a key challenge in this transition: maintaining a Financial Assessment Framework (FTK) DB administration. This complex issue involves legal and administrative hurdles, varying participant conditions, Social Partners' inertia, pension fund board decisions, and potential legislative changes. These factors can lead to operational and strategic difficulties, often requiring the management of old and new pension schemes simultaneously, which increases costs and complexity. 

Our white paper offers insights and strategies for effective transition management, essential for pension providers and fund trustees.

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