What happens to your pension?
A collective transfer moves the value of pension rights or entitlements to another scheme or provider. It may accompany a merger, but not every transfer is a merger. Liquidation of a pension fund requires a transfer under section 84 of the Pension Act. A regular section 83 transfer has different conditions.
Conversion under the new pension rules has its own legal route. It is not identical to every ordinary transfer or closure of a fund. Ask how the route affects amounts, indexation, possible reductions, survivor benefits and administration.
Supervision and responding
A proposed collective transfer by a pension fund normally requires notification to DNB at least three months beforehand. DNB can prohibit it. This is not a general dual approval procedure by DNB and AFM.
An individual objection right can apply to a regular section 83 transfer. Liquidation under section 84 and conversion follow different rules; do not assume the same right there. Read the fund’s information and response deadline.
Subject to DNB’s conditions, participants in a liquidation can submit observations within six weeks after notification. They must substantiate personal financial disadvantage and disadvantage to their participant group. Observations are distinct from an objection to a DNB decision or a complaint to the fund.
Compare actual effects
A larger organisation does not guarantee lower costs or a higher pension. Keep old and new documents and ask about differences. Seek appropriate external help promptly for a legal dispute; general information does not establish your individual legal position.
What does BPH do?
Bureau Pensioen Hulp has no AFM licence. BPH provides general education and, on request, can introduce you to an external adviser using contact details only. BPH does not provide personal product recommendations, compare products for you or mediate in arranging them. Check an external adviser’s authorisation, services and fees yourself.
Frequently asked questions
Is every transfer a merger?
No. Transfers can have different legal triggers and routes.
Are observations the same as an objection?
No. They are separate procedures with their own conditions and deadlines.
Sources and reference date
Reference date: 28 October 2026. Check your own scheme and current conditions before deciding.