NETHERLANDS - PGGM, the newly-separated pension provider of Dutch pension fund PFZW, is considering launching a new investment fund for its members.
A spokesman told IPE one of the possibilities the fund is currently considering is the launch of a new investment fund which could serve as an addition to any savings accounts a member might set up with PGGM.
"We decided after the separation with PFZW to offer additional savings or insurance products to members of the cooperation PGGM," he said, adding a new third pillar type of investment fund for additional pension savings could be one of the options.
He stressed PGGM has yet to make any concrete plans, as any such fund was merely one of the options being discussed.
PGGM announced in August it would begin marketing saving products directly to its pension fund's client base with the launch of an online savings product targeting people in the healthcare sector.
The announcement came after PFZW - previously known as PGGM - won a court case in which the Dutch association of insurance companies, Verbond van Verzekeraars, had claimed using the pension fund brand for its administration operation was unfair to competition.
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