NETHERLANDS - A more ‘offensive' approach can make the Netherlands a major player in the international pensions market, according to a new report.
Compiled by the newly launched Holland Financial Centre (HFC), the report said the Netherlands had the potential to become a world leader in the pensions industry, but first needed to view the pensions market in an international and European context.
It argued: “The lessons from abroad show how essential the cooperation between the government and the sector is: they must pull together. Luxembourg and Dublin, and more recently Belgium have demonstrated how the government and the sector can be jointly proactive and have to set their own agenda.”
Among its recommendations, the HFC selected ten as top priorities.
These included exempting Dutch and EU pension funds from dividend tax, greater flexibility in allocating voting and dividend rights to Dutch companies.
It also called for a 'check-in-the box' approach when dealing with fiscal transparency, as the current requirements for fiscal transparency of investment funds mean that shifting a participation in such a fund requires approval from all the participants in the portfolio.
Participants in the HFC, include Aegon, Robeco, ABP and ABN AMRO.
It is headed Arthur Doctors van Leeuwen who presented the report to finance minister Wouter Bos yesterday.
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