What is a general pension fund (APF)?
APF can manage different pension schemes and implement and is not tied to a particular sector. The capabilities remain separate.
Also, company pension funds, voluntary sector pension funds and occupational pension funds may join an APF. An APF has a foundation form. The smaller affiliated funds maintain its own board.
In addition to existing pension funds, insurance companies and pension administration can establish an APF.
As with existing pension funds, an APF must meet certain financial requirements so that it can meet their future obligations. The rules currently applicable to pensions are also an APF of application.
De Nederlandsche Bank (DNB) issues the license for APF and oversees this. Meanwhile, several insurers have applied for a license from DNB to establish an APF. Under have plans to set up such a fund more Centraal Beheer, Delta Lloyd, ASR
What is the advantage of an APF?
With an APF should be easier implement pooling plans.
For example, employers are able to place their individual pension plan to a larger whole, but thanks to the separate assets without the risk of assets from one fund is transferred to another. The main advantage is the burden and cost savings.
More and more pension funds to join a collective because the funds have less and less participants. the number of funds has declined between 1992 and 2014 from 1,122 to 361
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