Flexible premium arrangement (FPR): orders (messages 5 and 6)

Lifecycle and cohorts: age-based and bandwidth rebalancing

Participants are grouped in cohorts per lifecycle phase, with a shared investment mix. Annually participants shift to a more defensive phase (age-based rebalancing); in between, the portfolio is reweighted when allocation drifts outside the bandwidth. The cohort pool as an administrative layer between cohort and investment pool is gone in Release 2027 (issue #124), and there is no separate rebalancing message any more: the consequences land in the orders (5) and the control information (10).

Steps

• AnnuallyPUO, BAParticipants move to the mix of their age phase; the PUO nets the shift into orders per investment pool, the BA sends the net control information. 00541 00553
• On breachFMReweighting to the target weights within the investment guidelines; a tolerance monitor flags the breach. 00553

Source: Handleiding paragraaf 4.2 (het FPR-model); issue #124