The Supervisory Board supervises Pensioenfonds PDN's Board and evaluates the Board's performance and the processes it uses. The Supervisory Board is made up of three members. 

The composition of the Supervisory Board

In performing its duties, the Supervisory Board (SB) abides by the supervision code established by the Vereniging Intern Toezichthouders Pensioensector (the Association of Internal Supervisors for the Pension Sector) and the Code of Dutch Pension Funds.

In addition to its statutory tasks, in its monitoring plan for 2023, the SB outlined the following priorities:

1. Governance in the context of changes in Board set up, the filling of vacancies and the administrative process, as well as progress on the Future Pensions Act process.
2. Outsourcing; overall control of the chain.
3. Strategic projects.

Summary conclusion

The SB concluded that the Board performed well and with ambition in 2023. The fund has sound operations and a thriving structure with key position holders, which the SB uses effectively its work.

The SB did include some recommendations, which qualify as encouragement for further improvement and optimisation in view of the complex environment in which the fund needs to operate now and in the near future. The Board is facing considerable challenges, particularly with respect to the Board’s setup and operation, managing strategic projects including the new pension contract and changing the outsourcing relationship position. The SB is of the opinion that its recommendations are useful in this respect as well as in supporting the power of change within the Board.

2024 priorities

In addition to its statutory duties, the SB will focus on the following priorities in 2024:

• Governance in the context of changes to the Board setup, the acquired shareholding.
• The administrative process relating to progress in the Future Pensions Act process.
• Outsourcing; control of the chain.
• Cost control.
• Strategic projects.