Dutch superfund ABP is set to take on board the pensions for 60,000 military personnel, starting in June.
The Heerlen-based pension giant is to receive NLG13bn (EUR5.8bn) in assets from the move, adding to its near EUR150bn fund.
Previously, the Dutch Ministry of Defence administered the pensions for the Dutch navy, army and airforce personnel. According to a spokesman for ABP, the transfer of assets from the ministry will take place over a period of 10 years at a rate of about EUR0.6bn per year.
The additional funds are not expected to have an effect on current investment arrangements.
By Madhu Kalia
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.