2026-04-14

Moving Towards a More Participant-Centric Occupational Pension System

The Dutch Authority for the Financial Markets (AFM) requires occupational pension boards and supervisors to adopt a participant-centric governance model as the sector transitions to defined contribution arrangements. This regulatory shift mandates that providers design suitable products, deliver transparent risk information, and implement behavioral-friendly choice architectures to protect individual investors from complex market risks. Embedding these standards into the revised IORP II directive will strengthen long-term financial security, sustain market trust, and align European pension systems with the Savings and Investment Union’s resilience goals.

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Netherlands

Autoriteit Financiele Markten

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