Support for Dutch compulsory occupational pensions decreases - Aegon
Written by Tineke de Vries
The support for the compulsory occupational pensions in the Netherlands is waning, according to research by Motivaction, carried out for Aegon.
Six out of ten Dutch people would like to decide for themselves how they save for retirement. The wish to arrange one’s own pension is mainly driven by discontent and concerns, Motivaction says.
Many people are unsure about how much retirement income they would receive for each euro paid into their pension. In 2017 62 per cent did not know, compared to 47 per cent in 2015.
Only half (48 per cent) of Dutch people believes that all employees should be obliged to save for retirement, and only 44 per cent think this should be done via the employer. Two years ago these percentages were 53 per cent and 50 per cent, respectively.
Reliability is for 40 per cent of the employees the highest priority, followed by high returns (26 per cent). Most people are not concerned about which party carries out their pension provision and in what way.
There is a clear preference for a pension arrangement with a fixed amount at retirement (44 per cent), the DB pension. On the other hand, 29 per cent prefer an arrangement with a higher chance of indexation, but also with higher risk, the DC pension.