PGGM splits asset management, admin

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NETHERLANDS - The €74.4bn PGGM has confirmed it will split its asset management and administration from the pension fund itself, and will decide "in coming months" whether to form a separate co-operative.

Paul Wevers, director of corporate communications at PGGM, said: "We are in discussion with our members over what the right model will be, and that could be a co-operative." "The employers’ and em...

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