On Apr. 15, NLD DNB noted insurer and pension transition reporting.
NLD DNB stated by May 19, 2025, life insurers and premium pension institutions (PPIs) must submit transition report to NLD DNB, and from Apr. 15, can submit it via DLR.
NLD DNB wants to gain insight on pace at which life insurers and PPIs are converting existing agreements to arrangements to meet Future Pensions Act (Wtp) requirement.
With entry in force of Wtp, social partners and pension providers have until end date of the transition period to adapt all existing pension agreements to the new legislation.
If many agreements are delayed in converting or adapting them, there is a risk of a backlog at end of the transition period, and NLD DNB is actively trying to prevent this.
Annual report has been adjusted in 2025 to take account of the contracts eligible for conversion, identifying converted contracts and those contracts yet to be converted.
Insights gained from reports for the planning and design of NLD DNB supervision of the new pension legislation, and after analyzing the answers, NLD DNB will provide update of the sector developments that emerge from them and are relevant to the transition.
Next Steps
If there is reason to do so, it is an option to organize a round table meeting to discuss the most important results, and NLD DNB may discuss the new legislation individually.
NLD DNB will share the information received with NLD AFM, and it will continue to then repeat this survey annually during the transition period, to monitor required progress.
Effectiveness
From Apr. 15, 2025 it is possible to submit a report to NLD DNB, and relevant pension providers submit the report by May 19, 2025 at latest, with link to template provided.
