Innovative Dutch pension vehicle to offer substantial savings (NFIA London)
New Dutch cross-border operating pension vehicle can deliver substantial cost savings by lowering administrative burdens and creating economies of scale for companies operating across borders.
The Premium Pension Institution (PPI) follows on the long Dutch tradition as a European centre for financial innovation. Following the implementation of the European directive for Institutions for Occupational Retirement Provision (IORP), the Netherlands designed the PPI.
Working to promote Dutch expertise in the financial industry, the Holland Financial Centre (HFC) has just published a special report PPI: Feasibility study of a tax‐qualifying pension scheme: Netherlands and the UK. Pieter Kiveron, Managing Director Holland Financial Centre for Retirement Management calls the PPI, "a positive development for the opening of European borders to pension providers from other Member States".
Pieter Kiveron will be in London on Wednesday 8 June for a Netherlands Foreign Investment Agency hosted seminar on the Pan-European pension challenge.