Preserve purchasing power, spend responsibly
The ANBI rules from July 2025 change the requirements. Your spending rate must be justified, your costs must be 'reasonable' and your return projection must be explicitly supported. WorldView integrates this in one mandate.
Four developments affecting your board
ANBI rules have been tightened
Since July 2025 you must demonstrate that management costs are 'reasonable', that you do not hold more assets than necessary, and that your spending rate is justified. Supervision has intensified.
Inflation shrinks your budget
Under structurally higher inflation, real not nominal return matters. Your spending power over 10 years depends on the real return of your portfolio.
Costs are a defensibility issue
High management costs directly reduce your spending budget. Under tightened supervision you must be able to justify the reasonableness of costs to the tax authority.
Growing reporting burden
The tax authority is expanding the ANBI team and introducing digital publication portals. Accountability is structurally heavier.
Spending rate — annual justification included
Under ANBI rules you may apply a fixed spending rate, provided it is supported by a multi-year return projection and reviewed annually. At 30%+ deviation, adjustment is mandatory.
We routinely deliver an annual document with return expectations, percentile bands from statistical scenario analysis, and a supported spending rate. Included in the mandate — no separate advisory fee.
Suitable for committee, auditor and tax authority
The return expectation comes directly from the modelling that builds your portfolio. One source of truth for both the portfolio and spending advice.
- Reporting in clear language for your board
- Underlying detail for your committee
- Suitable for auditor and tax authority
- Makes the reasonableness of spending policy demonstrable and auditable
What WorldView offers
One mandate, one fee, one layer. The return objective is aligned with your spending rule and risk appetite: an ANBI that only wants to preserve purchasing power receives a different portfolio than one that aims to outperform inflation structurally.
CPI+ target
Calibrated to your spending rule and risk budget. Real return aligned with your specific objective.
Segregated account or fund structure
Mandate in your own account or participation in the fund via an independent depositary — you choose.
No performance fee, no house funds, no multi-manager structure. All included: management, reporting and spending justification.
ESG aligned
ESG is aligned with your organisation's objectives.
Three phases to an operational mandate
Diagnosis
Analysis of your current portfolio against CPI+ scenarios and spending rule. Output: quantitative overview of purchasing-power outcomes under diverse inflation scenarios.
Design
Proposal with specific weights, risk budget and governance support. Including a session with your investment committee or board.
Mandate
Segregated account of fondsdeelname. Beleggingsbeleid, maandelijkse rapportage, jaarlijkse bestedingsonderbouwing. Operationeel binnen 12 weeks.
Let's talk
We are available for a no-obligation discussion with your board or investment committee on preserving purchasing power and ANBI rules.