Netherlands

Dutch works councils get stronger rights of approval on pensions changes

Frank Doornik

Dutch works councils will shortly gain a new right of approval in relation to the adoption, cancellation or amendment of arrangements relating to a pension agreement – a potentially significant new power to block changes to a pension scheme, regardless of how it is structured (for example, with a pension fund, an insurer or a Read More

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Bonus caps: A view from the Netherlands

Floris van de Bult

The last two weeks have been exciting for bankers in the Netherlands. The bill cutting their bonuses to 20% of fixed pay was passed by the Dutch Lower House. Two days later, most fixed pay allowances, introduced by banks to mitigate the negative consequences of the CRDIV 100% bonus cap, were qualified by the European Read More

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