Netherlands-based investment manager PGGM has agreed to enter into a partnership with the €7 billion occupational pension fund for general practitioners SPH and its provider DPFS, Pensions & Investments reports. 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 scheme PFZW will acquire a minority stake, which will eventually be increased to full ownership over time.
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