Declining number of pension funds
The consolidation of the Dutch pension sector has been ongoing for quite some time. While there were 1,042 pension funds at year-end 1998, their numbers had dropped to 656 by 2008. Ten years on, only 240 pension funds remain. Consolidation is set to continue, seeing that another 35 pension funds have notified DNB of their decision to liquidate.
Share of general pension funds remains stable
Pension funds that do not wish to continue on their own can transfer their accumulated assets and liabilities to another pension provider by means of a group transfer of accrued benefits or a legal merger. The figures below show the transfer of pension assets and liabilities to other institutions over the past three years. They include transfers effected following liquidation of company pension funds, industry-wide pension funds and occupational pension funds. Transfers to general pension funds are broken down into collectivity circles that administer the pension scheme of a single employer (single-customer circles) and those that administer the pension schemes of multiple employers (multi-customer circles).