In a pension blog, De Nederlandsche Bank explains that supervision of funds that have moved to the new pension system now shifts from assessing irreversible pre-transition choices, such as how fund assets are allocated, to checking whether the transition has been executed as intended. As of 1 January 2026, 24 pension funds had moved to the new system, joining six that had done so earlier, and more than half of all pension participants now have part or all of their pension under the new system. For funds that transitioned in January, the following weeks and months are used to complete the transition by finalising benefit payments and individual pension assets once the year-end funding ratio is known and figures and calculations have been checked. Funds are also checking IT systems. No new decisions are taken at this stage, with the emphasis instead on careful execution because the transfer from collective pension assets to individual pension assets can only be done once. DNB says this phase includes a new supervisory checkpoint, known as assessment point 2, where pension funds, together with their accountant and actuary, must demonstrate that the transition calculations were carried out correctly and completely and that the data are accurate. The central bank is also in discussions with funds planning to move to the new system this year or next year and says lessons from the funds that have already transitioned will inform that work.
De Nederlandsche Bank 2026-05-06
De Nederlandsche Bank details second-stage checks for pension funds after 24 more entered the new pension system
De Nederlandsche Bank reports that for pension funds that have moved to the new pension system, supervision has shifted from assessing pre-transition choices to verifying that the transition has been executed as intended, including a new “assessment point 2” to confirm the accuracy and completeness of transition calculations and data. As of 1 January 2026, 30 pension funds had transitioned, covering more than half of all pension participants, with efforts focused on finalising benefit payments, individual pension assets and IT checks. The central bank is also engaging with funds planning to transition this year or next, drawing on lessons from early movers.