Population ageing in the Netherlands: Demographic and Financial arguments for a balanced approach
be. The argument of a level playing field between profit en not-for-profit providers is a dangerous
one unless it has as its objective the benchmarking of private costs to the funds’ best practice. A
cost reduction from 4% to 1% of the balance for the portion (33%) of the total balance of Dutch
pension savings that is managed by private insurance companies, can in principle fully offset the
negative effect on pension savings valuation of the assumption of a reduced actuarial interest rate
from 4 to 3%, for the next 100 years, which is of central importance to Van Ewijk (2006).
AIAS - UvA
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