A premium pension institution (PPI) is a pension provider in the Netherlands, in addition to insurers and pension funds, who carry out retirement plans and build up retirement, but does not bear the risks (eg death, disablement and longevity than statistically expected). The creation of a PPI has become possible by the Act of 23 December 2010 amending the Financial Supervision Act and any other laws relating to the introduction and supervision of premium pension institutions (Law on the introduction of premium pension adjustments). The law entered into force on 1 January 2011.
The PPI focuses on the Dutch market on the implementation of collectively available defined contribution in the second pillar, in addition to the AOW. Collective available premium schemes with individual investment choices are characterized as the capital pension to be accumulated co-dependent on the result of the investments chosen. The benefits that start from the retirement date depend on the interest rate.
The PPI offers the possibility of implementing cross-border pension schemes. For companies with offices in several countries, this allows the centralization to be implemented.
In the Netherlands, several companies, often subsidiaries of existing insurers or pension funds, are active in this market.
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