Accounts with pension savings in the drawdown phase with Dutch banks

In 2020, households had 386,819 accounts of pension savings in the drawdown phase with banks based in the Netherlands. This is an increase of around 64,000 accounts compared to the previous year, and many times larger than the 8,967 accounts recorded in 2008.

Number of accounts of pension savings in the drawdown phase of households with Dutch banks from 2008 to 2020

Characteristic	Total number of accounts
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Release date

May 2021

More information

Region

Netherlands

Survey time period

2008 to 2020

Supplementary notes

The source states 'bank savings products were introduced in January 2008 to facilitate tax-efficient savings. A bank saving product may take the form of a non-accessible account with a bank (savings products) or an investment right with an investment fund manager (investment products). The institution bears the risk for savings products, while in the case of investment products the policyholders bear the risk.'

In the numbers provided, the bank is the one who bears the risk.

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