Outlook for 2026

In 2026, Pensioenfonds PDN will continue to focus on the implementation of the Future Pensions Act (Wtp). On the hand, it will be a matter of waiting for DNB's response to the submitted transition notification. This could potentially lead to additional work for the fund. On the other hand, the fund, together with DPS, will shape the actual implementation in the systems and processes so that the transition to the new solidarity premium scheme can be made in a controlled manner and with integrity.

Pensioenfonds PDN received a request from all affiliated employers for a value transfer of the accrued capitals, entitlements and benefits in the net pension scheme (NPR) to an external party where the NPR will be accommodated. This must take place before the fund can transition to the Wtp. This will be further detailed in the first half of 2026.

Key priorities in this plan are:

• Working on the trust of (former) participants and pensioners in both Pensioenfonds PDN and the new pension agreements based on the Wtp;
• Transferring information relevant to the various target groups about the new pension;
• Offering a perspective for action during the transition period in situations where participants can make choices that have a different effect on their pension before or after the transition date.

The implementation of this plan relates to the period after the transition plan has been presented to Pensioenfonds PDN and will continue until six months after the transition date.

In 2026, we will evaluate our commitment to impact investing and make adjustments where necessary to strengthen our objectives in this area. The board will continue to deepen the sustainability framework, paying special attention to relevant themes and how we can further refine the processes surrounding sustainable investing.

Pensioenfonds PDN will continue in 2026 with the vision and strategy for the fund for the future. The developments in the market for pensions in the Netherlands and in the pension sector in particular are assessed by Pensioenfonds PDN. Partly based on this, Pensioenfonds PDN will determine what role and position the fund can have after the transition to the new Pension Scheme. High-quality service provision to participants and affiliated parties and a good and sustainable pension remain the starting point. But innovation in technology and product development is moving fast. It is important for Pensioenfonds PDN to respond to this in a timely manner, in close cooperation with DPS, and thus remain relevant in its service provision.

In this section, the fund must pay attention to investments, financing, staffing and the circumstances on which turnover and profitability depend. For the fund, these have a different interpretation than for a commercial enterprise. The fund is a non-profit foundation, has no employees of its own and has outsourced the administration. For the future, we therefore expect that the number of employees will remain zero. There is no external financing, and the expectation is that this will not change in the future either. Investments concern the investment of the fund assets for the benefit of the pension obligations within the established investment and risk framework, we will continue to assess future investments against the investment and risk framework. The financial situation of the fund is therefore primarily dependent on interest rate, inflation and market conditions, demographic developments and (changes in) laws and regulations, and not on revenue growth or commercial profitability.