By Tjibbe Hoekstra2021-01-19T17:17:00+00:00
The upcoming transition to the new defined contribution (DC)-based pension system will cost the Netherlands’s largest pension provider APG up to €100m, its CEO Gerard van Olphen said last month.
Most of the other large pension providers are as of yet unable to say how much the transition will cost them. Medium-sized provider Blue Sky Group, however, already has an idea.
“I have quite a good picture of how much money we’ll need to spend on the transition,” said Tom Bottinga. But Blue Sky Group’s newly appointed director declined to reveal an exact number.