The contents of the pension schemes we administer are determined by the social partners in the sector in question. The pension fund boards subsequently translate the pension scheme into pension scheme rules. We provide the social partners with input for adopting the scheme and support the boards in working out the details. The recently tightened statutory and fiscal frameworks offer social partners limited room for manoeuvre. MN supports its clients and social partners in arriving at practical solutions within those frameworks. We also monitor relevant developments with regard to legislation and social trends.
Pension legislation is undergoing rapid change. MN contributes in various ways to current pension developments.
MN’s contribution to pension developments
Based on the core tasks of pension administration, policy advice and asset management, MN is able to make a major contribution to the pension dialogue. This is reinforced by MN participating in the Federation of Dutch Pension Funds and the Actuarial Association [Actuarieel Genootschap], sponsoring the Chair in Pension Economics at the University of Amsterdam and by consulting with national and international stakeholders. MN is actively promoting its interests and those of its clients by, for instance, advising, monitoring social trends, stakeholder management and participating in relevant networks. In 2014, for instance, the legislative proposal to revise the Dutch Financial Assessment Framework [Financieel Toetsingskader] and in 2015 the Dutch Pension Communication Act [Wet pensioencommunicatie] were both major dossiers.