Syntrus Achmea Pensioenbeheer sold part of its pension administration activities to Centric

Syntrus Achmea Pensioenbeheer sold part of its pension administration activities to Centric. The divestment comprised the financial administration, management support, legal advice and pension communication activities for five mandatory industry pension funds with a total of 190,000 participants. PhiDelphi acted as advisor to Achmea and Syntrus Achmea Pensioenbeheer.

Syntrus Achmea Pensioenbeheer, since January 2018 known as Achmea Pensioenservices, decided to focus entirely on pension services for corporate and occupational pension funds and therefore ceased its services to mandatory industry pension funds. Achmea was pleased to transfer the activities for these pension funds to Centric, as Centric turned out to be the best suited partner for the funds, because of its extensive knowledge of complicated administrative processes and complex IT requirements.

Achmea Pensioenservices (www.achmeapensioenservices.nl) carries out the pension administration for, and provides pension advice to company pension funds, occupational pension funds, voluntary industry pension funds and the Centraal Beheer Generic Pension Fund. The company is a 100% subsidiary of Achmea. Achmea (www.achmea.nl) is the largest insurance group in the Netherlands with activities in five countries. In 2017, the company employed 15,300 employees and realised a turnover of EUR 19.3b.

Centric (www.centric.eu) offers software solutions, IT outsourcing, business process outsourcing and staffing services. In 2017, the company employed 4,300 employees and had a turnover of EUR 468m. The company is active in the Netherlands, Belgium, Germany, Switzerland, Romania, Norway, Sweden and Lithuania.

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