Pension fund advisory

Solution

Pension fund advisory

Reduce the complexity of your pension scheme and be ready for the new pension system

Acquisitions, mergers, changing tax frameworks: every pension fund knows that this results in many different schemes and types of pension. Additionally, the recently introduced pension system adds challenge to the execution of such a pension scheme . Therefore, it is necessary to reduce the complexity of all the different regulations and exceptions and to make the organization and administration ready for the transition (‘invaren’). Now is the time to look in detail at the current pension situation.

Your challenge

The pension world is always changing. Acquisitions and mergers take place or new tax frameworks are introduced. Every change leads to many different schemes and types of pension. Recently, the new pension system is an extra challenge for the execution of a pension scheme. This new system will affect your current pension situation. Decisions concerning this system have to be made on time in order not to be affected in an undesirable way.

The challenge is to transfer the current pension benefits in a controlled way and have a smooth transition to the new pension system.

Why Deloitte

For you as pension fund or provider it is important to know what to expect, in order to intervene if necessary. Deloitte has relevant experience in changing pension schemes and administration systems, reducing complexity and coping with legacy and with implementing new systems and the way of thinking. We have the right specialisms for various subprojects: lawyers, actuaries, communication experts, tax specialists and IT specialists. Therefore, we can help you assess your situation thoroughly and find suitable solutions.

Our solution

Every pension plan, every type of pension and its exact implementation in the administration must be gone through in detail before the change can take place. Only in this way bad outcomes can be prevented in the future. By going into depth, fiscal, actuarial and administrative bottlenecks can be solved.

The change could only take place with broad support. The right cooperation is essential to realize the change. Employers, participants and representatives of former employees have to be informed early in the process and have to be involved where necessary. This will keep the change process open and transparent from the beginning.

These two building blocks are essential in delivering a new system and/or new pension scheme and therefore we focus on these first steps in much detail and are willing to invest together with our client. Taking this journey together for several years must be based on trust in each other and in the capabilities of Deloitte to support. We are ready, are you?

Contact

Robert-Jan Hamersma

Robert-Jan Hamersma

Partner

Robert-Jan is an Actuary and is Managing Partner of the Deloitte Benefits & Pension Advisory practice. With more than 24 years of working experience at Deloitte, including a secondment in New York, he... More

Arjan van Dijk

Arjan van Dijk

Director

Arjan van Dijk (1978) has a Master Degree in Econometrics from the Erasmus University of Rotterdam and has a post-Master Degree in Pension Law of VU University Amsterdam. Since June 2016, he is a Dire... More

Tessa Parlevliet

Tessa Parlevliet

Manager

Tessa is manager within the Dutch Benefits and Pension Advisory and is employed at Deloitte since October, 2012. Tessa has experience in projects concerning pension advisory services, pension valuatio... More