The activities of the Board are monitored by the Supervisory Board. The Supervisory Board monitors for example the policy, adequate risk management and a well-balanced evaluation of interests. The Supervisory Board consists of three members.

Composition

Effective Board performance, internal supervision and accountability are essential for good pension fund management.

The Supervisory Board appreciates the commitment, dedication and extremely professional way in which the Board managed the DPS sale’s impact on SPF over the past year. Preparations for the transition to the Future Pensions Act also continued and important steps were taken with respect to socially responsible investing. The Supervisory Board concluded that the decision-making process is both careful and balances the various interests involved.

Pension fund code

Societal developments impact the standards for good pension management. The Pension Fund Code needs to be modified and updated from time to time. The updates in the new code mainly concern the following three topics: prioritising stakeholders, sustainability, and diversity and inclusion. The 2024 Pension Funds Code arranges various standards into five themes:

1. Taking good care of stakeholders’ pensions
2. Good governance
3. Implementing effective internal supervision and monitoring
4. Organising accountability and participation
5. Effective performance fund bodies

The full text of the Supervisory Board's findings and recommendations and the response of SPF's Board can be read in SPF's annual report (PDF in Dutch only).