Dutch PGGM Picks Stake In Pension Provider

Netherlands-based investment managerPGGMhas agreed to enter into a partnership with the €7 billion occupational pension fund for general practitionersSPHand its providerDPFS,Pensions & Investmentsreports. The partnership, to be formed in January, will focus on pensions administration, board support and asset management.

The €105 billion, privately owned pensions provider PGGM will get a stake in SPH’s provider DPFS, as per the partnership. Initially, the provider for the €103 billion healthcare schemePFZWwill acquire a minority stake, which will eventually be increased to full ownership over time.

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