Achmea takes over the pension company of ABN AMRO

9 May 2022 — Andrei Victor
Achmea and ABN AMRO have reached agreement on Achmea's takeover of ABN AMRO Pensioeninstelling NV.

The takeover is subject to approval by the supervisory authorities. The central works councils of Achmea and ABN AMRO have issued positive advice. The transaction will probably be completed before the end of this year.

This transaction gives Achmea an entrance into the Premium Pension Institution (PPI) market and enables the business to respond to the opportunities offered by the Pension Agreement.

The PPI will be called Centraal Beheer PPI and is expected to operate in the market under this name from the autumn of 2022.

ABN AMRO Pensioeninstelling NV (trading as ABN AMRO Pensioenen) has a licence from De Nederlandsche Bank to operate as a PPI. For Achmea, a PPI further strengthens its services to the employers' market.

ABN AMRO's PPI has been administering defined contribution (DC) schemes since 2012 and currently has approximately 955 employers and approximately 190,000 members from the SME and major corporates markets as its clients. Assets under management total approximately EUR 3.5 billion.

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