A combi-contract consists of a guaranteed basic pension with a conditional top-up depending on investment returns.
Nearly 83 per cent of pension delegates attending the annual summer conference of IPE's Dutch sister publication IPNederland want the new Pension Act to facilitate a so-called 'combination scheme' or 'combi-contract'. This arrangement had originally been put forward as the scheme of choice when negotiations on the planned overhaul of the Dutch pension system started several years ago.
At the conference, which was attended by nearly 300 pension fund delegates and industry professionals, several speakers expressed surprise at the fact that the combi-contract had been removed from the programme.
Regardless of which type of pension contract will eventually make the cut and be allowed under the new regime – which is to take effect in 2015 – any scheme should offer clear, explicitly stated ownership rights, said 85 per cent of delegates at the conference.
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