The OPF, the Foundation of Company Pension Funds, has expressed criticism of the proposed structure for Dutch pension fund governance.
The Stichting van de Arbeid – the Dutch labour foundation also known as Star - released the proposal today after a leak in the press yesterday.
“We want to stress that we are in favour of strong principles of pension governance,” said OPF director Jeroen Steenvoorden. “However, the principles are right but we don’t like the structure.”
“There is no short-term structure, and the long-term structure will result in more administration, it will be less efficient and decision making will be slower,” he said.
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