Dutch Pension Funds Look For New Business

The asset management arms of Dutch pension funds are seeking to manage more third-parties in a bid to achieve economies of scale
By None

The asset management arms of Dutch pension funds are seeking to manage more third-parties in a bid to achieve economies of scale.

Aging populations mean higher pension payouts, and therefore new ways to meet rising costs.

As Dutch pension funds are not allowed to offer services to third parties, many funds have separated their asset management and administration arms from their respective pension schemes in order to work round the regulation.

Speaking to reporters at Financial News, Dirk Wieman, chief investment officer at pension fund Stichting Pensioenfonds voor de Grafisches asset management arm, Grafische Bedrijfsfondsen (GBF), stated that the fund wanted to expand its participant base to help it cover the rising cost of pension provision.

GBF has recently brought three new clients on-board, including publishing house Wolters Noordoff.

MN Services, the pension administration, management support and investment management group is owned by Dutch metal workers pension funds PME and PMT, has been managing third-party assets since 2002.

With EUR56 billion AUM, it recently won the mandate for the EUR3.2 billion Dutch merchant navy fund.

One of the worlds largest pension funds, EUR217 billion ABP, recently split its investment fund from its administrative arm. Competition for third-party administration looks sent to increase.

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