The General Pension Fund (APF) Bill was presented to the Second Chamber on 18 December 2014. An APF is a new type of pension fund in the sense of the Pensions Act that enables establishing several pension administrators. The characteristic of the APF is that it can split off separate capital for the diverse pension schemes administered by the fund. With this, the legislature accepts an exception to the "prohibition on ring-fencing" as meant in Article 123.1 of the Pensions Act.
In this publication, René Maatman and Sander Steneker discuss some outlines of the APF Bill and the manner of ring-fencing proposed in this Bill.
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