Regulatory Alerts2026-03-16
Compliance at Pension Funds: In the Interest of the Participant
The Dutch Financial Markets Authority (AFM) issued this supervision report to outline how pension funds can design and operationalize their compliance functions to better protect participant interests amid the transition to the new pension system. The document emphasizes that compliance must extend beyond formal legal checks to serve as a strategic, independent counterweight that proactively identifies risks, ensures balanced decision-making, and integrates participant welfare into daily operations. It provides practical examples and structural recommendations for establishing clear processes, independent positioning, and awareness-raising initiatives that foster a culture of integrity and shared responsibility.
Share