Ga direct naar inhoud

Investing with your pension

Nederlandse versie

Persoonlijk Pensioen Plan and Pensioen Continu Plan:

Passive, Ambitious and Dynamic types of investment

Through your employer or former employer you are accruing pension in the Persoonlijk Pensioen Plan or Pensioen Continu Plan. These are investment-linked pensions.

The amount of your pension benefit will depend on the investment yield and other factors. But you also have a say in how Nationale-Nederlanden invests for your pension. We can invest for you with more risk. You will then have a greater chance of receiving a higher pension. But you will also have a greater chance of a lower pension. Or we can invest for you with less risk.

We help you to determine what best suits your options and wishes. That way you can bring your pension in line with your personal situation. Even if you are no longer accruing pension in this pension scheme. For example, because you have left your employment. Below, you can read more about the choices you can make. And how we help you make the choices that are right for you.

See how your investments are performing

On the page Fondsen en koersen (Funds and Prices, Dutch only) you can see exactly how your investments are performing.

Submitting your investment choices

If you wish to submit your investment choices for your Persoonlijk Pensioen Plan, you can easily calculate the consequences of your choices for your pension in mijn.nn Financial Future. You can also submit your choices directly. Click on mijn.nn in this screen at the top right to log in. If you have not yet created an account or you have forgotten your login details, we will help you on that screen.

If you are logged in, click on the name of your pension scheme to go to Financial Future. You can make your investment choices there by clicking on ‘Investment choices’ at the top under ‘Go to’.

Lifecycles

Investing in a lifecycle

Investing always involves risk. We are very careful about risk when investing your pension capital. We do this by using lifecycles, among other things.

Reducing risk before your retirement date

Investing in lifecycles means that we slowly reduce the investment risk as your retirement date gets closer. This is because there is less and less time to make up for any investment setbacks. We gradually invest more and more of your pension capital in our Pension Stabilizer Funds. These consist of ‘risk-averse investments’. These are low-risk investments.

Two types of protection

We have put together the Pension Stabilizer Funds to protect your pension in two ways:

  • The investment risk is very low. The more of your pension capital we invest in this way, the lower the risk of a sharp drop in your built-up pension. But there is also less chance that it will grow significantly. This means your pension will probably grow less in the years prior to your retirement date.
  • The Pension Stabilizer Funds reduce the risk of a low market interest rate. On your retirement date, you will use your pension capital to buy a benefit. The amount of your benefit will depend on the market interest rate at that time and other factors. Are interest rates low? Then you will need more capital to purchase the same pension. The Pension Stabilizer Funds reduce this risk. This is because these investments increase in value if interest rates fall. The opposite is also true: if interest rates increase, then the investment value will fall. However, you will also need less capital to buy the same pension.

Please note! The Pension Stabilizer Funds are investment funds: we invest your capital, so you always run some risk.

Agreements

Agreements in your pension scheme on investing

Your employer has made a number of choices for your pension scheme. The following agreements are laid down in your pension scheme:

  • the type of investment we use to invest your pension capital
  • the number of choices you can make yourself

The type of investment

Your employer has chosen a type of investment. This is our approach to investment and how we spread the risks. There are three possible types of investment:

You can see which type of investment your employer has chosen as the default for your pension scheme in tier 2 of Pension 1-2-3. If you do not have Pension 1-2-3, you can always find this in your pension regulations. Pension 1-2-3 and the pension regulations you will find on mijn.nn. If you would like to know more about how we invest for you, click above on the type of investment of your pension scheme.

The choices you can make

Your employer has also decided how much freedom of choice you yourself have. There are two possibilities:

  • Limited investment freedom: you can choose which investment type we invest in on your behalf and how much risk you want us to take. You can also choose how far you want to reduce this risk as your retirement date approaches. For the investment risk and risk reduction, you can choose from several lifecycles.
  • Extended investment freedom: you have the same choices as in ‘limited investment freedom’. In addition, you can also choose your investment funds yourself (‘Self-investment’).

You can see which investment choices you have in tier 2 of Pension 1-2-3 (or your pension regulations). You can also find this in mijn.nn Financial Future (go to the ‘Adjusting’ tab on this page). With the Pensioen Continu Plan you always have extended investment freedom. Read more about these choices under ‘Choices’.

Choices

Your investment choices one by one

You can make some choices for your investments yourself. You can choose:

  • how much risk we should run when investing your pension capital
  • the extent to which you wish to reduce the risk as your retirement date approaches.

Choice 1: investment risk

You determine yourself the risk that is a better fit for you. For this, you first need to determine your risk profile using our online risk profiler. Doing so lets you know how much risk you can incur with your pension. And how much risk you wish to incur. It is advisable to invest according to your risk profile. But you can also make a different choice. You can change your choice at any time up to your retirement date.

You have three options:

  • Defensive: You are able to, or you wish to run less risk of accruing less pension capital. You also accept that you will then have a smaller chance of accruing more pension capital in the event of good investment results.
  • Neutral: You want to maintain a good chance of accruing more pension capital in the event of good investment results. But you are not willing to run too much risk of accruing less pension capital in case of poor investment results. You are looking for a balance between the chance of accruing more pension capital and the risk of accruing less pension capital.
  • Offensive: You wish to accrue the greatest possible pension capital and you are willing and able to run more risks. You are confident that future investment results will be good. You also accept that your pension capital may be lower if investments perform poorly.

Defensive, neutral and offensive lifecycles are linked to these risk profiles.

Choice 2: reducing risk as your retirement date gets closer

We reduce investment risk gradually as the retirement age gets closer, regardless of whether your risk profile is defensive, neutral or offensive. See the tab ‘lifecycles’ to learn more.

We start reducing risk ten to twenty years prior to your retirement date, depending on the type of investment and your lifecycle. We will notify you before we start the risk-reduction process.

Reducing the risk to a greater or lesser extent

We gradually reduce the risk to a fixed pension benefit by default. In most cases, we then invest all your money in the Pension Stabilizer Funds just before the retirement age (for the exceptions, see the comments under the table below). These investments are risk-averse: they have a lower risk.

However, you can also choose to have your investment risk reduced to a lesser extent. Suppose you want a variable pension benefit from your retirement date, with 30% being invested. We then reduce the higher-risk investments to fit this benefit on the retirement age. Once you reach your retirement age, we will then invest 70% of your capital in the Pension Stabilizer Funds. By investing with greater risk for a longer period, your pension capital can grow more. However, the investment results may also fall short, meaning your pension capital may be lower than expected.

Use the risk profiler to determine which risk reduction rate is right for you. Risk reduction is part of your risk profile, after all. You can choose from the following risk-reduction options to reduce risk on the retirement age:

Defensive Neutral Offensive
Reduce risk to a fixed benefit Reduce risk to a fixed benefit* Reduce risk to a fixed benefit*
Reduce risk to a variable benefit with 15% invested Reduce risk to a variable benefit with 15% invested Reduce risk to a variable benefit with 15% invested
Reduce risk to a variable benefit with 45% invested Reduce risk to a variable benefit with 30% invested
Reduce risk to a variable benefit with 45% invested

* Please note: by default, we always reduce the higher-risk investments to a fixed pension benefit on the retirement age. In most case we then invest 0% in higher-risk investments and 100% in the Pension Stabilizer Funds. But there is an exception. Has your employer chosen the Ambitious type of investment? If so, different risk-reduction rates apply in two lifecycles:

  • Higher-risk investments are reduced to 10% instead of 0% in the neutral lifecycle.
  • Higher-risk investments are reduced to 15% instead of 0% in the offensive lifecycle.

This is also consistent with a fixed pension benefit, but in these lifecycles your pension money can continue growing a while longer. On the other hand, you also incur more risk of disappointing investment returns.

The remaining risk-reduction rates for the Ambitious type of investment are the same as in the table above.

Fixed or variable pension benefit

You will have another choice to make on your retirement date:

  • Variable pension benefit: we will continu to invest part of your pension capital after your retirement date. The amount of your benefit will depend on how your investments perform, among other things. In other words, your benefit can rise and fall. We call this variable pension benefit. With the variable pension benefit of Nationale-Nederlanden, you can choose whether you want to continue to invest 15%, 30% 45% or 60% of your pension capital. The remainder of your benefit is a fixed amount. Please note: you can only choose a variable benefit at your retirement date if it matches your risk profile at that time.
  • Fixed pension benefit: we will no longer invest your pension capital after your retirement date. You will know the exact amount of your benefit for its entire duration. We call this a fixed pension benefit. With the fixed pension benefit of Nationale-Nederlanden, you will know exactly what you can expect. You can always choose a fixed benefit at your retirement date.

See more information about our pension benefit: Persoonlijke Pensioenuitkering (Dutch only).
You can also opt to buy your benefit from another pension insurance company on your retirement date.

Give some thought to the following now

It would be wise to start thinking now about investing after your retirement date. You can then choose the risk reduction rate that is right for your situation. You will not make your final decision on continued investment until your retirement date.

  • If you think you will want a fixed pension benefit, you can have the higher- risk investments reduced (almost) completely.
  • If you are likely to want a variable benefit later and you would like to have, for example, 30% of your pension capital invested at the start of your benefit? Then you can have the higher-risk investments in the offensive of neutral lifecycles reduced to fit a variable benefit with 30% being invested. However, you will run the risk of poor investment results just prior to your retirement date. What if you continue to invest after your retirement date as you intended? Then you may be able to make up for all or part of the poor investment results.
    Please note: if you nevertheless decide on a fixed benefit, then you will run two risks:
    • You can no longer make up for any losses just prior to your retirement date after you retire, because you will no longer be investing.
    • We will sell all of your higher-risk investments at once on your retirement date. If the prices of these investments are low at that point, then your pension may be lower than expected.
Adjusting

Adjusting your investments in a lifecycle

You can make and submit different choices regarding your investments. In that case, we will adjust your investments as quickly as possible for you. The way you submit adjustments depends on whether you want to submit choices for a Persoonlijk Pensioen Plan or a Pensioen Continu Plan. Read more about this below. You can read how to submit your choices if you opt to choose your investment funds yourself under ‘Self-investment’.

Adjusting investments for your Persoonlijk Pensioen Plan

Before you can submit your investment choices, we first help you to set your risk profile. This way, you can see which investment risk and risk reduction suit you. You can easily set your risk profile with our online risk profiler. Immediately after, you can submit your choices.

You can find the risk profiler at mijn.nn Financial Future. Click on mijn.nn in this screen at the top right to log in. If you have not yet created an account or you have forgotten your login details, we will help you on that screen. If you are logged in, click on ‘Persoonlijk Pensioen Plan’ to go to Financial Future. You can find the risk profiler by clicking on ‘Investment choices’ at the top under ‘Go to’.

Submit your choice immediately

When you have set your risk profile, you can choose whether you want to invest according to this profile. As long as you are not yet retired, you do not have to invest according to your risk profile. You can also make a different choice, for example investing with more or less risk, or with a higher or lower risk reduction rate.

You can change your investment choice at any time prior to your retirement date. However, you must always complete the risk profiler first, or you must have done so recently. The same applies if you choose your investment funds yourself. Read more about this under ‘Self-investment’.

Understanding your options first

Would you like to see what a specific choice might mean for your pension? You can perform calculations with your pension details in mijn.nn Financial Future. This will give you more insight into your options. If you then decide to submit your choice, you will first have to complete the risk profiler. This will show you whether your choice suits your wishes and possibilities.

Adjusting investments for your Pensioen Continu Plan

Before you can submit your investment choices, we first help you to set your risk profile. This way, you can see which investment risk and risk reduction suit you. Immediately after, you can submit your choices. How you set your risk profile depends on whether you also accrue pension in a Persoonlijk Pensioen Plan.

Setting your risk profile

You can set your risk profile using the form ‘Keuzeformulier beleggen in een lifecycle – Passief, Ambitieus & Dynamisch’ (Dutch only) that is available for download at the bottom of this page.

As long as you are not yet retired, you do not have to invest according to the risk profiler. You can also make a different choice, for example investing with more or less risk, or with a higher or lower risk reduction rate.

Submitting your investment choices

Do you want to submit a change in your investment choices for your Pensioen Continu Plan? Do can do this using the form ‘Keuzeformulier beleggen in een lifecycle – Passief, Ambitieus & Dynamisch’ (Dutch only) that is available for download at the bottom of this page.

You can change your investment choice at any time prior to your retirement date. However, you must always complete the risk profiler first, or you must have done so recently. The same applies if you choose your investment funds yourself. Read more about this under ‘Self-investment’.

If you make no choice

If you do not set your risk profile, we will invest in the standard lifecycle associated with your pension scheme. We will reduce higher-risk investments almost entirely in the years before your retirement date. This is consistent with a fixed benefit from your retirement date.

You may have set your risk profile and made your own investment choices in the past and you may not have adjusted them since. If so, we will invest according to those choices until you submit new investment choices. If something has changed in your personal circumstances or if you think that this way of investing no longer suits you for some reason, we recommend that you set your risk profile again.

Downloads

Self-investment

Choosing investment funds yourself

Your current or former employer may give you the option of choosing investment funds yourself. If you choose this option, you will not invest in a lifecycle. We call this ‘Self-investment’. See tier 2 of Pension 1-2-3 to learn whether this option is open to you.

Personal responsibility for your investments

If you opt to choose your investment funds yourself, then you are personally responsible for your investments. It is up to you to decide on the level of risk that is right for you. We will not automatically reduce your investment risk as your retirement date gets closer. It is important that you understand investing if you opt for Self-investment. You will then be better able to assess the risks. And you can reduce your risk as your retirement date gets closer, which would be wise indeed.

More information about Self-investment

If you want to know more about choosing your own investment funds or if you want to submit a new fund choice, you will find all the information you need on the Choosing your own investment funds page.

Costs

Cost of changing your investments

Are we investing for you in a lifecycle? And do you want us to invest your capital in a different lifecycle? Then we will change your investments free of charge.

Do you select investment funds yourself? And do you want us to invest your capital in different funds? Then you may be charged costs if we change your investments. See the information on your type of investment for more details on the costs involved. You will find links to the types of investment in the menu at the top right of this page.

uniqueid

Can we help you?