Two further Dutch pension funds have transitioned to the new pension system introduced under the Future Pensions Act (Wtp).

Pensioenfonds PostNL, the Dutch pension fund for PostNL workers, and Provisum, the pension fund for retailer C&A in the Netherlands, both made the switch on 1 June 2026.

The transition by Pensioenfonds PostNL follows several delays, most recently from 1 April 2026, after the fund had originally planned to switch on 1 January 2026.

Pensioenfonds PostNL previously said of its delay that “carefulness is paramount” and it needs extra time.

“We want to thoroughly test the systems and get them ready for the new pension scheme. We are doing this together with TKP, which handles our administration. We believe it is important that everything is correct before we proceed. That is why we are postponing the switch by two months,” it previously stated.

Provisum had also previously announced a delay to its transition date from 1 January 2026 while awaiting approval from regulator De Nederlandsche Bank (DNB), which was granted in April.

Both pension funds have opted for a solidarity-based scheme (SPR), one of the two new pension contract types introduced under the Wtp.

The model combines individual pension capital accrual with collective investment and risk-sharing and includes a solidarity reserve that can be used to smooth the impact of market fluctuations across members and pensioners.

The alternative is the flexible premium scheme (FPR), which offers members greater individual choice over investments and retirement options and does not include a solidarity reserve.

The Future Pensions Act (Wtp) came into effect on 1 July 2023, requiring pension funds to transition to the new pension system in the Netherlands by 1 January 2028.

DNB data showed that, as of 31 March 2026, 30 pension funds had completed the transition to the new system.

Combined assets under management in the new framework had reached €542bn, while €1,082bn remained under the old Financial Assessment Framework (FTK).

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