One of the fundamental principles of the legislation on supplementary pensions is that pension plan sponsors are required to outsource the management of such plans to a pension institution. The building up of reserves in a separate ('external') body is designed to safeguard accrued supplementary pension savings in the event that the sponsor goes bankrupt.
In this context, the FSMA has performed an audit on the financing of defined benefit pension plans via group insurance policies.
As detailed in its audit report, the FSMA’s main aim was to ascertain the extent to which the financing methods used offer adequate protection for members’ pension rights.
- FSMA_2020_02-01 / Financing of defined benefit pension plans via group insurance policies – Main audit results (available in French or Dutch only)
- FSMA_2020_02-02 / Financing of defined benefit pension plans via group insurance policies – Audit report (available in Dutch only)