NETHERLANDS - PGGM has been told it can lawfully keep its name after the Dutch Association of Insurance Companies sued the asset manager, saying it had an unfair advantage in the industry.
A spokesperson for PGGM, said: "We cannot help we have a good image, in fact PGGM paid a competitive price for the name, and for some reason the they are afraid of a new player in the market."
The court case was brought on 30 January 2008, through the grievance procedure, and on Wednesday the judge made the decision public.
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.