Regulatory Alerts2019-02-25
Added · Updated
International individual transfer of the value of a Dutch pension right to a foreign pension institution
Dutch pension providers are obliged or authorized to cooperate with international individual value transfers under Sections 85 through 89 of the Pensions Act, depending on the destination jurisdiction. Transfers to EU member states or specific European Communities institutions are mandatory if conditions such as equivalent redemption possibilities and spousal consent are met, with no charges permitted. For transfers to non-EU/EEA institutions, providers are authorized to cooperate only after receiving a positive statement from De Nederlandsche Bank (DNB). Other transfers to foreign institutions outside the EU/EEA are permitted without prior DNB assessment if national authority conditions are satisfied.
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