APG Group agreed to amass a 40% stake in monetary adviser and know-how agency Prikkl, a spokeswoman confirmed.
The phrases of the deal weren’t disclosed. APG has partnered with Prikkl to assist plan members handle their funds when the brand new Dutch retirement guidelines arrive in 2026, which is able to improve their funding decisions. Underneath a brand new necessary outlined contribution system, outlined profit plan sponsors will change to a DC association.
“At APG, we’re working exhausting to make the pension members of the APG affiliated funds financially slot in an accessible and inexpensive means,” mentioned Tom Romanowski, innovation director of APG, in a information launch Thursday.
APG needs to take away the burden from employers so members can take accountability and make the suitable decisions, Mr. Romanowski added.
Paulien van Gurp, founding father of Prikkl mentioned within the information launch: “We’ve got developed a confirmed idea that permits us to take an image of somebody’s funds in a brief time period. This permits us to offer perception into the impression it has in your private monetary steadiness once you make decisions that have an effect on your earnings or expenditure.”
APG manages the property of the €493 billion ($600 billion) Stichting Pensioenfonds ABP, Heerlen, Netherlands.