Three foreign players are to enter the Dutch market for pensions administration, according to a report from pensions adviser Sprenkels & Verschuren.

It said Belgian firm Conac, German company Lohoff and TCS – a subsidiary of Indian firm Tata – would start offering their services in the Netherlands.

The new foreign parties will not only target pension funds but also insurers and other pensions providers, Sprenkels & Verschuren said.

It added that Lohoff and TCS have indicated they will focus on the administration of defined contribution plans.

Lohoff & Partner has its origins in IT and administration for large German companies, while TCS Tata is a large IT provider already active in the UK, the US, Australia and Canada.

Belgian firm Conac founded Pensions & Co, the Belgian equivalent of the Dutch multi-company pension fund.