mast image

Impact Investing

IPE special report May 2018

Sections

Dutch insurer outsources pensions administration to APG subsidiary

Related images

  • A map of Amsterdam, the Netherlands

Tags

Related Categories

Inadmin, a subsidiary of the €337bn pensions provider APG, has been awarded a contract for pensions administration by insurer ASR.

The insurer is the second client of Inadmin, which has started as the administrator of Pensional, the new pensions vehicle PPI launched in a joint venture between APG and ABN Amro bank.

Inadmin focuses on the administration of collective defined contribution plans offered by PPIs, insurers and company pension funds reconsidering their pension arrangements.

Rik Douwes, Inadmin’s managing director, said: “We offer an open model, in which the PPI can choose its asset manager and insurer.”

In his opinion, the contract with the insurer is unique.

“Pension funds and insurers represented separated worlds until now,” he said.

According to Douwes, Inadmin will also target potential customers for pensions administration in cross-border arrangements.

For his part, Jos Baeten, chief executive at ASR, said: “The opportunities Inadmin made available, combined with APG’s reliability, were the reasons for ASR to use Inadmin’s platform for the administration of this pension scheme.

“This decision is consistent with our policy of creating flexible and structurally lower costs.”

Last June, APG presented its “advanced” system Lifetime – developed by APG subsidiary Inovita – for tailor-made administration of DC plans for PPIs, insurers and pension funds.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

Begin Your Search Here