The planned transition to the new Dutch pension framework (Wtp) for the pension funds of veterinarians and physiotherapists has been postponed, Achmea Pensioenservices has announced.

Achmea Pensioenservices, which administers the pension arrangements for Stichting Pensioenfonds Dierenartsen (SPD) and Stichting Pensioenfonds Fysiotherapeuten (SPF), had initially scheduled the transition for 1 July 2025.

Achmea told European Pensions that a new date has not yet been determined.

However, following internal Wtp readiness assessments, it has been deemed that not all administrative processes are operating to the required standards to ensure a secure and orderly migration.

“While progress has been made, we identified that certain administrative elements still need to be optimised,” Achmea stated. “In the interest of delivering a controlled and reliable pension administration, we have made the difficult decision to postpone the transition.”

The firm emphasised that the postponement reflects a commitment to prudence and operational integrity.

“A demonstrably sound operation is essential for a successful implementation of the new system and demands the utmost care,” the statement continued.

The delay means participants in both SPD and SPF will remain longer than anticipated in their current pension arrangements.

Achmea acknowledged the disappointment this may cause and expressed regret over the impact on stakeholders, while reaffirming its dedication to guiding the funds safely and responsibly through the transition process.

The Wtp, which represents a major overhaul of the Dutch pension system, is expected to be fully implemented across all pension schemes by 2028.

The announcement aligns with Aon Netherlands’ prediction that more pension funds would delay their transition date. Aon Netherlands director wealth, Frank Driessen, said in May that administrators, in particular, were struggling to have the systems ready on time to transition.

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