Trespa pension fund transfers pension to Zwitserleven

Athora Netherlands has taken over the pension obligations of Stichting Trespa I.L. pensioen fonds through Zwitserleven. In total, this involves approximately 1,300 participants and invested pension capital of about 180 million euros.

On 1 April 2025, the participants will receive a one-off pension increase of 10.5% from Zwitserleven and, from 1 January 2026, a fixed annual indexation, the level of which has yet to be finalised. Active participants whose pension accrual has been with another pension fund since 2023 will still be offered the choice of transferring their pension capital to that pension fund.

The Trespa pension fund has been a closed fund since the end of 2022. This means that no more pension contributions were paid into the fund and pensions were only managed and paid out. After the declaration of no objection by DNB, the pension fund subsequently realised the transfer under the guidance of WTW. With this takeover, the pension fund will eventually cease to exist.

Expertise appreciated

Annemieke Visser-Brons, member of the Executive Committee of Athora Netherlands: “Our second buy-out transaction this year shows that Zwitserleven’s expertise in this field is appreciated. We offer Trespa a suitable solution that allows participants to enjoy an insured pension with Zwitserleven. I thank the board of the pension fund for their trust and extend a warm welcome to all these new customers of Zwitserleven.”

The security of a good pension

Erik Goris, chairman of the Trespa Pension Fund: “The board believes that transferring the pensions to Zwitserleven will give our participants the security of a good pension with a well-capitalised insurer. We have gone through a careful selection process for this transfer, in which we have not only considered granting indexation, but also criteria such as communication and service provision.”

Expertise for transition to the new pension system

Due to the transition to the new pension system, an increasing number of pension funds are choosing to place their pension obligations with insurers. As a specialised pension insurer, Athora Netherlands has the expertise to help pension funds with customised insurance solutions for this complex transition.