ODV to Annuity

A widening of the possibility of converting ODV (Old-Day Provision) into an annuity has been introduced. The ODV is the result of phasing out the self-administered pension and corresponds to the then tax value of the pension liability. The widening relates to annuities that have been in force for 5 years after the retirement date. Within our team, we are busy brainstorming on possible conversion options for our clients. Conversion means paying off, so there has to be cash. If there is and there are no other activities in the BV, then paying it off is a serious option. But do you then go to an annuity or a bank savings product? Again, this depends on everyone's situation. So this requires customisation.