The Netherlands National Bank (De Nederlandsche Bank, DNB) and the Authority of Financial Markets (Autoriteit Financiële Markten, AFM) supervise the operations of the Pension Fund in line with the provisions as laid down in the Pensions Act (Pensioenwet). These provisions apply to, among other things, the Constitution, the Regulations, the Administration Agreement between the Pension Fund and the employer, and the Pension Fund’s financial and actuarial model. DNB also assesses the expertise of the members of the Board and those involved in establishing Pension Fund policy. |
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Furthermore, DNB also assesses the implementation of the Actuarial and Operating Memorandum (Actuariële en Bedrijfstechnische Nota, ABTN), the annual report and accounts and other relevant documents and financial statements of the Pension Fund. The AFM supervises the way in which the Pension Fund provides information. The AFM checks if the information provided is understandable, clear, on time and correct. |
