The Dutch pension fund for architectural firms PFAB is on track to transfer to the new pension system on 1 January 2027, according to APG.

APG is the pension service provider and asset manager for PFAB, and said preparations for the switch are progressing according to plan.

However, it emphasised that important steps remained before the transition.

PFAB has more than 47,000 members, with the new pension scheme becoming “increasingly tangible”.

APG has been granted approval to send out the preliminary transition statements, which will give members an initial indication of their pension and accrual in 2027.

PFAB has already received approval from De Nederlandsche Bank to transition to the new pension system.

Preparations are monitored across nine ‘transition workstreams’, ranging from IT and communication to formal approval for the transfer of accrued pension rights to the new system.

All nine are currently rated ‘green’ for PFAB, although APG transition manager, Johan Koster, highlighted that this was primarily a snapshot in time.

“Green does not mean we can sit back,” Koster said. “There is still a great deal happening behind the scenes. The period ahead will remain intensive.

“On paper, there are nine green boxes. Behind them lies, above all, a way of working together.”

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