Netspar brings together pension and retirement experts from the industry and academia to examine current issues from their diverse backgrounds. These project groups outline various considerations, search for common objectives, explore new fields of research, and sketch out future scenarios. Thanks to this broad scope, the project groups produce valuable insights, and often recommendations, as well, for policymakers.
The Foundation Board provides recommendations every year in September on what project groups should be formed. The Partner Research Council (PRC) formulates potential topics using the Netspar Research Agenda 2019-2023 as a starting point.
Existing Project Groups
- Explainability: understanding, acceptance and satisfaction
In this project group we want to focus on the following three questions: What opportunities and risks are there in striving towards understanding of the new pension scheme? What opportunities and risks are there in striving towards acceptance of the new pension scheme? To what extent does the communication on the introduction of the scheme have consequences for satisfaction in the longer term?
- Blank spots/self-employed with no pension accrual
This project group will explore the opportunities the new pension scheme offers for reducing the size of the blank spots. In doing so we also look at improving the pension accrual for freelancers. There is broad social support for all working people – all employees and all freelancers – receiving an adequate old age pension, but despite a wealth of research and numerous reports there has yet to be a major breakthrough. The size of the blank spot of employees without any pension accrual is even increasing. Although the legal position of a freelancer is substantially different from that of an employee, it is clear that in both groups the risks of no pension accrual mainly arise at the lower end of the market. The size of the blank (and possibly grey) spots is growing: the pension position of many freelancers remains vulnerable. The project group can decide for itself the extent to which both blank spots (employees and freelancers) are dealt with, or whether the focus will only be on one of them.
- Socially responsible pension investment
In a broad context this project group can develop a conceptual framework highlighting the role and responsibility of institutional pension investors in the Netherlands in both economic and legal terms. Within this conceptual framework it would also be possible to consider the ethical aspect of these long-term decisions, as well as the governance side, particularly in light of the prudent person principle whereby the institutional investor invests in the interests of the pension participant. That raises a number of questions that recur regularly in different forms: This project is an exploration of the horizon, albeit that steps already taken in society mean that in some areas it is actually possible to think further and go beyond a ‘mere’ exploration. When implementing the investment policy, is the institutional pension investor permitted to take other factors into account besides risk-return considerations?If so, what factors are these and under what conditions is this allowed?
- Pensions and Divorce
A divorce (or termination of a domestic partnership) has a big impact on the pension of participants and their partners. The applicable legal framework is outlined in the Dutch Settlement of Pension Entitlements in the Event of Divorce Act (VPS Act) and the Pensions Act. The central question in this project is about the practical implications for pension participants and pension providers of the 2021 Pension Distribution in the Event of Divorce draft legislation. We analyze the developments in pensions and divorce in a broader context and make recommendations for the pension field, with a focus on the individual.
Completed Project Groups
- Responsibility allocation for planning pension provision
The new pension system is expected to take effect around 2026. What are the consequences of the system changes in the longer term by way of scenarios for 2036 and beyond? The scenarios focus on people who build up their pensions. In most scenarios, tech companies are important, but the government, pension providers and other parties also see their roles change. The parties involved must ensure that they act ethically, even or especially if they make use of the tech companies’ technology. Therefore, it can be beneficial to embed ethics in legislation and regulations at an early stage. Read the report (Dutch, abstract in English).
- The Labor Market and Retirement
The central question of this project is if and how existing and potential long-term developments in the labor market affect pensions and retirement. Developments such as technological advancements, globalization, and greater flexibility have consequences for the way in which labor relations are structured. Moreover, changes in labor relations have implications for the current pension system and the options and desires workers have with regard to their pensions and retirement. The project group outlines a number of scenarios for the pension system of the future based on analysis of the developments to date, insights from the literature, and innovative data analyses. Read the report (Dutch, abstract in English).
- Flexible Retirement
Greater flexibility in terms of transitioning from work to retirement can have positive effects on health, job and general satisfaction, and long-term job proficiency. The Netspar Flexible Retirement project group analyzed the potential for, and bottlenecks of, flexible retirement and presented some policy considerations. Read the report (in Dutch).
- Changing Role of Pension Providers in the Era of Big Data
The lightning speed of developments in the field of big data and data science has a growing influence on our daily lives. This has serious implications for the pension industry. This project group analyzed what kinds of considerations pension providers might use in their strategic planning. Read the review of the Thematic Conference on this topic. Read the report (in Dutch).
- Survivors Pension: Fragmented Design Complicates Risks
Besides its obvious emotional impact, death also has financial consequences. Some of the major associated risks are little known or discussed, and there has been almost no attention paid to survivors pensions in the discussions surrounding the new pension contract. Reason enough to shine a light on the provisions for surviving dependents in the Netherlands. Read the report and the Netspar Brief ‘Survivors pension no longer assured’.
- Housing, Healthcare, Retirement Require Comprehensive Approach
Pensions and retirement savings are increasingly viewed as the central component of financial planning for old age. Yet, housing and healthcare also play an important role, each in their own way. A comprehensive approach can offer benefits for households in terms of their financial planning for retirement by including housing, healthcare, and pensions in the overall picture. Read the report (in Dutch).