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Investing with your pension

  • You have a say in your investment risk
  • We help you determine how much investment risk is right for you
  • Easily change your investment choices whenever you wish

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Personal Pension Plan and Continuous Pension Plan: make your own investment choices

Through your employer or former employer you are accruing pension in the Personal Pension Plan, Continuous Pension Plan or both. In this pension, we invest your pension capital for you. But you have a say in how we invest. This page tells you about the choices you can make. And how we help you to make choices that are right for you.

Choose what’s right for you

The Personal Pension Plan and Continuous Pension Plan are investment pensions. The amount of your pension benefits will depend on the investment yield and other factors. But you also have a say in how we invest for your pension. Even if you are no longer accruing pension in the Personal Pension Plan. For example, if you have left your employment.

You can decide how we invest for you. 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. You decide for yourself what is right for you.


See how your investments are performing

On the page ‘Fondsen en Koersen’ (Dutch only) you can see exactly how your investments are performing. You will find the information under the type of investment for your pension scheme. Read more about the type of investment below, under ‘Agreements’.

Read more about the way of investing

Read about the way we invest your pension capital in the type of investment for your pension scheme (Dutch only):

Submitting your investment choices

Do you want to submit your investment choices for your Personal Pension Plan? You can easily calculate the consequences of your choices for your pension in the Income Planner in Pension Services Online. There you can also directly submit your choices. Soon you will be able to log in to mijn.nn, where you will find Pension Services Online.

Investment style: life cycles

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

Reducing risk before your retirement date

Investing in life cycles 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 or our Pension Stabilizer. These consist of ‘risk-averse investments’. These are low-risk investments.

Two types of protection

We have put together the Pension Stabilizer Funds and the Pension Stabilizer 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 and the Pension Stabilizer 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 and the Pension Stabilizer 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 and the Pension Stabilizer are investment funds: we invest your capital, so you always run some risk.

The benefits of investing

Why do we invest your pension capital? So that you can accrue more pension. We are happy to explain.

The opportunity to accrue more pension

Your employer pays a pension contribution for you to accrue your pension. Or your former employer did this for you. You will use this pension capital to purchase a pension benefit on your retirement date. But simply paying a contribution is not enough for a good pension. This is why we invest your capital. In the long run, investing almost always yields more than saving. This will allow your pension capital to grow even more. And you will be able to buy a higher benefit on your retirement date.

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 five types of investment:

See layer 2 of Pension 1-2-3 to learn about the type of investment your employer has chosen. Would you like to learn more about how we invest for you? Click on the type of investment for your pension scheme above (Dutch only).

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 the investment risk you wish to run. You can also choose to what extent you wish to reduce the risk as your retirement date approaches. You can choose from a number of life cycles for this purpose.
  • Broad investment freedom: you have the same choices as in ‘limited investment freedom’. In addition, you can also choose your investment funds yourself (‘Personal Investment’).

See layer 2 of Pension 1-2-3 to learn about the investment choices open to you. With the Continuous Pension Plan you always have broad 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. Depending on the arrangements with your employer, 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.
  • Whether you wish you continue investing your pension capital after your retirement date.

Choice 1: Running more or less investment risk

You determine the level of risk that is right for you by using the online risk profiler. This will tell you how much pension risk you are able to run, and how much risk you wish to run. You can change your choice again at any time.

There are 3 possibilities:

  • 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 life cycles are linked to these risk profiles.

Choice 2: reducing risk as your retirement date gets closer

We reduce investment risk gradually as your retirement date gets closer, regardless of whether your risk profile is defensive, neutral or offensive. See ‘Investment style: life cycles’ above to learn more.
We start reducing risk ten to twenty years prior to your retirement date, depending on the type of investment and your life cycle. We will notify you before we start the risk-reduction process.

Reducing risk to a greater or lesser degree

By default, we gradually reduce risk as far as possible. Just prior to your retirement date, we invest (nearly) all of your capital in the Pension Stabilizer Funds or Pension Stabilizer. These investments are risk-averse: they carry a low risk. In other words, we reduce risky investments to (almost) 0%, moving the capital to (nearly) 100% risk-averse investments. We abbreviate this to ‘reducing investment risk to 0%’.

You can also choose to limit the amount by which this investment risk is reduced. For example, you may wish to reduce risky investments to 30% by your retirement date. On your retirement date, we will then invest 70% of your capital in the Pension Stabilizer Funds or Pension Stabilizer. 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:

Defensive Neutral Offensive
Reduce risk to 0% on your retirement date Reduce risk to 0% on your retirement date* Reduce risk to 0% on your retirement date*
Reduce risk to 15% on your retirement date Reduce risk to 15% on your retirement date Reduce risk to 15% on your retirement date
Reduce risk to 30% on your retirement date Reduce risk to 30% on your retirement date
Reduce risk to 45% on your retirement date

* Please note: has your employer chosen the Ambitious type of investment?
If so, different risk-reduction rates apply in two life cycles:

  • Risky investments are reduced to 10% instead of 0% in the neutral life cycle.
  • Risky investments are reduced to 15% instead of 0% in the offensive life cycle.

The remaining risk-reduction rates are the same.

Choice 3: investing your pension capital after your retirement date

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

  • Continuing to invest part of your pension capital after your retirement date. The amount of your benefit will depend on how your investments perform. 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.
  • No longer investing 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.

If you have a Personal Pension Plan, then you can buy a fixed or variable gross benefit. If you have a Continuous Pension Plan, then you can buy a fixed or variable net benefit.
You can also choose 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.

  • Do you think you will prefer a fixed pension benefit when you retire? Then you can have your investment risk reduced to (nearly) 0%. By doing so, you will run the least amount of risk immediately prior to your retirement date.
  • Do you think you will prefer a variable pension benefit when you retire? And would you like to invest 30% of your pension capital, for example? If you have the offensive or neutral life cycle, then you can reduce the investment risk to 30%. 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 risky 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.
Changes

Determining your risk profile and changing your investments

We will help you to determine your risk profile before you change your investments. In this way you can see what investment risk and risk reduction rate are right for you. This process is different for the Personal Pension Plan and the Continuous Pension Plan.

Submitting choices for your Personal Pension Plan

You can use our online risk profiler in the Income planner to easily determine your risk profile. You can then immediately make changes to your investments. Before very long, you will find the risk profiler in: Mijn NN > Pension Services Online > Income planner > My planner > My investments

Submit your choice immediately

When you have determined your risk profile, you can choose whether you want to invest according to this profile. And you can immediately submit your investment choices in the Income planner.

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 ‘Choosing funds’.

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 My planner. 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.

Submitting choices for your Continuous Pension Plan

There are two ways you can submit choices for your Continuous Pension Plan. Which way you should use, depends on which situation applies to you.

  • Are you accruing pension in the Continuous Pension Plan as well as in the Personal Pension Plan? Then you can determine your risk profile using the online risk profiler, in My planner. Your risk profile applies to both your Continuous Pension Plan and your Personal Pension Plan. Before very long, you will find the risk profiler in: Mijn NN > Pension Services Online > Income planner > My planner > My investments Please note: the calculations you make in My planner only apply to your Personal Pension Plan. You cannot make these calculations for your Continuous Pension Plan. You cannot submit choices for your Continuous Pension Plan through My planner, either. For this you can use a form, that will available here for download shortly.
  • Are you accruing pension in the Continuous Pension Plan but not in the Personal Pension Plan? Then you need a form to determine your risk profile. You can submit your investment choices using the same form. This form will also be available here for download shortly.

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.

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 ‘Choosing funds’.

What if you do not make a choice?

Have you not determined your risk profile? Then we will invest for you based on the neutral risk profile. We will reduce your investment risk to (nearly) 0% in the years prior to your retirement date.

You may have determined your risk profile at some point the past, and never changed it again. In this case, we will invest for you based on this risk profile until you submit a new choice. Has your personal situation changed? Or do you think your risk profile is no longer right for you for a different reason? Then we recommend completing the risk profiler once again.

Choosing funds

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 life cycle. We call this ‘Personal Investment’. See layer 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 Personal 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.

Submit your choice of funds

If you wish to choose funds, first complete the risk profiler. It will show you the risk profile that is right for you. Do you wish to choose your investment funds yourself? This means ignoring the results of the risk profiler. You can choose a different life cycle than the one that fits your risk profile, or you can opt for ‘Personal Investment’. If you opt for ‘Personal Investment’, then you must complete the fund selection form (available in English). Before very long you there forms will be available for download here.

‘Personal Investment’ costs

The costs involved in ‘Personal Investment’ may be higher than when investing in life cycles. Costs can vary by investment fund. You may also have to pay costs if you wish to change the funds we invest in for you.

You will find further information on costs in Layer 2 of Pension 1-2-3 and in the information on your type of investment. You will find links to the types of investment in the blue field at the top-right of this page.

Would you like to know more about choosing your investment funds yourself? Before very long, more information will be available here.

Costs

Cost of changing your investments

  • Are you investing in life cycles? And do you want us to invest your capital in a different life cycle? 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 middle column at the top of this page.
Sustainability

Sensible and sustainable investment

We invest your capital carefully. The costs and expected yield are key factors, of course. But we also feel that sustainability is very important.

Assessing investment funds

We assess all investment funds on an annual basis. We look at whether the funds provide a good yield without too much risk.

In addition, we feel it is very important to invest sustainably. This is why we observe the United Nations’ rules for responsible investment. These rules are about protecting human rights, working conditions and the environment. And about good governance and fighting corruption. We invest in funds that follow these rules.

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