NETHERLANDS - Corporate pension fund OPG has chosen Blue Sky Group as its provider of administration and board support.
OPG Group is an international retailer and distributor of pharmaceuticals and medical supplies, and its €219m scheme provides the pensions for 4,100 (deferred) workers and pensioners.
According to Blue Sky Group, its quality of service was said the decisive factor for OPG in choosing its services. The contract's duration is three years, the firm added.
As part of the transition, two staff members of the Stichting Pensioenfonds OPG will continue their roles at Blue Sky Group.
Blue Sky is the asset manager of the KLM Royal Dutch Airlines' pension funds, which have combined assets of over €11bn. Blue Sky is also the pensions provider for the pension schemes of BP Netherlands and Lucent Technologies.
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