Last December, we already announced our revamped Profile Selector. Now the time has come and the revamped Profile Selector is live! We developed this tool together with Nationale-Nederlanden and tested it extensively based on the latest scientific insights. The revamped Profile Selector determines an employee’s risk profile even more accurately. This will allow us to guide the employees even better in making investment choices.
We periodically conduct a risk attitude survey. This is how we set the default risk profile for the employees. Many employers adopt this standard. In many schemes, an employee may deviate from the default risk profile. And thus take more or less risk with their investments. The Profile Selector helps in making that choice. Employees easily determine their own risk profile using the online tool.
New insights, more accurate profile
For a long time, it was common practice to determine risk attitudes using only textual multiple-choice questions. Scientific research shows that numerical methods help determine even more accurate profiles. Based on this insight, we designed the new questionnaire together with a multidisciplinary team. The result is a questionnaire with textual and numerical questions.
Checking risk profile activation
In the coming period, there will be a transition from the old to the revamped Profile Selector. Risk profiles determined by the old version of the Profile Selector will stay valid. This year we will activate employees again to (re)check their risk profile. This is to ensure that employees make choices that suit their personal circumstances.
What will the employee notice?
Employees will notice little about the transition. The revamped Profile Selector is available for all employees. They will find the Profile Selector in exactly the same place in their personal pension page or in the Pension App. The steps to make investment choices have not changed either; only the questions and information in the Profile Selector have been changed.
We keep innovating!
We are very proud of our revamped Profile Selector. But we are also ambitious and continue to work on accuracy and ease of use. Of course, we will keep you updated on all improvements in the future.