PGGM is the second largest pension fund manager in The Netherlands with €80 billion of assets under management (AUM). Due to the economic crisis, PGGM predicted a decline in its market position and, to prevent this, decided to apply asset pooling to enable it to offer its services to other pension funds.
Implementing asset pooling can be complex, time-consuming and costly. To enable a quick delivery and increase the likelihood of success, PGGM asked PA to help. PA set up and managed an integrated programme to deliver the asset pooling solution, addressing the operational requirements of investment management services for multiple pension funds.
As a result of implementing the asset pooling structure, PGGM contracted three new pension funds, increasing its AUM by €3 billion.
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