Task demarcation: tenability in future pension system

For more than a hundred years, task demarcation rules have prevented unfair competition between Dutch pension funds and insurers by limiting what pension funds could do. However, this system is now showing cracks. This is due to the arrival of pension providers without domain demarcation and the demands of the Future Pensions Act, where there is a blurring of domain rules and a greater emphasis on more individual and additional financial products. We examine the tenability of task demarcation rules in the light of EU legislation, the objective of market organisation and the impact of current developments on the market position of pension providers.

Read one pager


Key Takeaways for the Industry

• Future task demarcation rules need to allow for a more competitive market where tailor-made financial products can meet individuals’ pension requirements.
• Furthermore, these rules should reflect that pension funds are now subject to far-reaching supervisory rules under EU law.

Want to know more?

Read the paper (in Dutch) ‘Taakafbakening: houdbaarheid in toekomstig pensioenstelsel’ by Erik Lutjens and Hans van Meerten.

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.


Mission en strategy           •           Network           •           Organisation           •          Magazine
Board Brief            •            Actionplan 2023-2027           •           Researchagenda


Our partners

B20160708_tilburg university
View all partners