Who is responsible for supervision and monitoring?
The Dutch Central Bank supervises financial institutions. Using the Pensions Act as a framework, it checks whether pension funds can meet their (financial) obligations.
The Dutch Authority for the Financial Markets (AFM), also using the Pensions Act as its framework, monitors the quality of the information provided to (former) participants, pensioners and their survivors. According to the law, the information must be comprehensible, clear, correct and obtained in a timely manner.
The Board is accountable to the Accountability body. The Accountability body checks whether the Board of Trustees is implementing the policy properly and within the agreements and frameworks made, and whether it balances the interests of all the members. The Accountability body also has the right to provide the Board with solicited and unsolicited advice. The Accountability body also has the power to express an opinion about the actions of the Board of Trustees, the policy implemented by the Board of Trustees and the policy choices for the future. The opinion, together with the executive board's response to it, is published annually in the annual report. The Accountability body consists of five members: four members on behalf of the pensioners and deferred pensioners and one member on behalf of the employees.
Chairman Antoinette Stegmeijer
Han van Manen
Ron van Meurs