Dutch Philips sells in-house pension capabilities

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NETHERLANDS - Royal Philips Electronics is selling its pension administration and investment management capabilities, both part of Philips Pensions Competence Centre (PPCC), for an undisclosed amount.

PPCC, based in Eindhoven, provides pensions management and administration services for 165,000 scheme members, including 137,000 members of the Philips Pension Fund (PPF), through its subsidiary Ph...

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