The Netherlands is preparing to open up a €1.5tn slice of its vast retirement industry to international pension providers for the first time.
Hans Vijlbrief, social affairs and employment minister, has agreed to work with the EU to change rules that have led to domestic funds dominating the country’s workplace retirement system.
The move follows claims by campaigners that the current set-up contravenes an EU directive relating to cross-border services in member states.
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