Six strategic themes for SNPS’s key objectives

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In 2025, the board will work across six strategic themes to achieve SNPS’s main objectives. Developments will be closely monitored so that the fund can adjust its course when needed. The top priorities for the year are listed below.

The fund already operates largely in accordance with the new legislation. The implementation plan was submitted to De Nederlandsche Bank (DNB) on 30 December 2024. In 2025, the fund will continue to focus on the new law, working hard to ensure a smooth transition to the new pension system by 1 January 2026.

In 2024, SNPS achieved strong results across all three portfolios: Return, Interest and Matching. Geopolitical developments — such as the war in Ukraine, political unrest in the US and EU, and changes in trade tariffs — continue to affect financial markets. Economic growth in 2025 is expected to remain moderate. Investment outlooks for 2025 point to opportunities in technology sectors such as artificial intelligence (AI). SNPS remains focused on optimising its investment portfolios to reduce risks while preserving return potential.

We have established a robust policy to ensure the quality and security of our data. The focus is on building data trust, reducing complexity, and improving First Time Right performance. Data management remains a key priority, with a strong emphasis on using AI and automation to manage data flows more efficiently. Clean and reliable data are essential for a successful transition to the new pension system. That’s why we follow the principle of ‘Get clean, stay clean’ — ensuring our data is clean and kept clean through continuous monitoring and improvement.

SNPS maintains its own ESG policy, with a focus on engagement, proxy voting and exclusion of companies that violate key standards. The fund aims to reduce CO₂ emissions by 15% and maintain an ESG governance score at least equal to the benchmark. The ESG policy is well established and appropriate for the scale of SNPS. At this time, there is no need for adjustments. However, in the coming years, we will evaluate the policy and consider further development.

Our communication strategy is aimed at providing participants with clear and timely information about the changes introduced by the Future Pensions Act (Wtp). The CARE programme plays a key role in this and supports participants in both their need for information and in making informed choices. The communication plan was submitted to the AFM at the end of 2024. Its goal is to inform participants in a timely and transparent way about the impact of the new pension scheme and to guide them through the transition. Innovative communication tools, such as infographics and the Own it platform, are used to make the information more accessible and easy to understand.

Our integrated risk management process enables us to effectively manage risks. In 2025, we will continue to closely monitor risks under the current legislation as well as those related to the transition to the new scheme. In collaboration with an advisory firm, the implementation of the new IT system is being closely monitored. This approach allows us to stay in control and remain well prepared for the future.