overview

The SSPF Board has set six strategic themes for 2025. These themes support the achievement of our key objectives. We closely monitor developments and adapt when necessary. Below are several important topics on SSPF's agenda for 2025.

The Future Pensions Act (Wtp) will continue to be a major focus in 2025. We are committed to ensuring a smooth transition to the new pension system by 1 January 2027. In 2024, we already did a lot of preparation and we expect to take a final decision and submit it to De Nederlandsche Bank (DNB) in 2025. The Act requires all pension schemes to be adjusted by 1 January 2027 - with a possible extension to 1 January 2028. We are well on track to achieve this.

Despite ongoing geopolitical tensions — including the war in Ukraine and political uncertainty in the U.S. and EU — SSPF delivered a total return of 3% in 2024. For 2025, global economic growth is expected to remain modest. However, the fund sees opportunities in sectors such as artificial intelligence (AI) and technological innovation. To maintain balance, a 50% contribution discount was granted to the employer, while the employee contribution remains unchanged at 2%.

A smooth transition to the new pension system depends on high-quality data. SSPF is therefore placing strong emphasis on data quality and data security. Under the principle of ‘Get clean, stay clean’ the fund is proactively cleansing and maintaining its data. Investments in AI and automation will support more efficient data management, with ‘First Time Right’ as the guiding principle.

The investment policy continues to focus on diversification and safeguarding the funding ratio, particularly in the run-up to the Wtp transition. At the same time, SSPF is intensifying its commitment to ESG (Environmental, Social and Governance) criteria. The appointment of BlackRock as the new asset manager will be further implemented in 2025, while collaboration with JP Morgan as custodian will also be expanded.

Clear communication is vital during major change. SSPF’s CARE programme plays a central role in informing and guiding participants. It provides insight into the new scheme and helps participants make well-informed decisions. In 2025, SSPF will submit its formal communication plan to the Netherlands Authority for the Financial Markets (AFM). The goal: timely, transparent information for all participants.

SSPF maintains a strong risk management framework to stay on top of risks related to the transition to the new pension scheme and other key developments. This includes careful oversight of the transition to a new asset manager. The focus remains on maintaining control over both current and emerging risks. This way, we stay in control and remain well prepared for the future.