DPS, the SPF pension administrator, is transferring from dsm-firmenich to DSM Pension Fund (PDN). DPS is in charge of pension and asset management for PDN as well as for SPF. This makes PDN both owner and client of the pension administrator. The SPF Board was updated at all times during the preparatory phase.
There will no changes in the services provided to SPF members. For SPF, a robust and future-proof pension for all members comes first. SPF is satisfied with the high quality and expertise of DPS and, just like PDN, has signed a new Service Level Agreement with DPS for the next five years.
Incorporating DPS within PDN offers good opportunities to further strengthen these high-quality services. The DPS management also responded positively.
SPF looks favorably upon this development, which secures the continuation of DPS’s high-quality service for the coming years (also during the transition to a new pension system in the Netherlands). Keeping pension management and administration under one roof benefits our members, likewise ensuring that we are well prepared for the changes resulting from the new Future Pensions Act (Wtp). “Our starting point for DPS’s independence has always been to maintain continuity and integrity in the services we provide to our members. We seem to have achieved this. A stable future for DPS gives us the reassurance of being able to work intensively with a trusted partner in the coming years,” states Chairman Arnout Korteweg. We are engaging with PDN about the impact of share ownership and our input in client consultations.