Nationale Nederlanden facing €2.7bn miss-selling claim

Insurance group Nationale Nederlanden faces a possible €2.7bn claim for miss-selling of its investment-based savings scheme.

Website Follow the money has obtained a copy of a report by financial services complaints institute Kifid which says Nationale Nederlanden charged a client undisclosed costs on an investment-based savings scheme and must repay these together with the unrealised interest.


Judgements by Kifid are binding, the website said.


Nationale Nederlanden sold around 691,000 investment-based policies to clients. According to Follow the money, each policy-holder could claim €3,900, making a total of €2.7bn if every client puts one in.


The miss-selling scandal began in 2006 and several insurance companies have already paid out millions of euros in claims. The policies became known as woekerpolissen (profiteering policies) because of the high charges



Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation