BinckBank and Delta Lloyd join forces in pension market

(Thomson Reuters ONE) -


BinckBank and Delta Lloyd join forces in pension market
BeFrank: higher pension accrual thanks to low costs

n     50-50 owned by BinckBank and Delta Lloyd
n     New legislation paves the way for Contributory Pension Institution
n     BeFrank: offering clear and simple pension products


BinckBank and Delta Lloyd are launching a joint venture for group defined
contribution pension schemes (second pillar). Named BeFrank, this new initiative
is a Contributory Pension Institution (Premiepensioeninstelling / PPI), a new
type of pension administrator that enters the Dutch market, alongside insurers
and pension funds. BeFrank is set to break open the pensions market in its role
as a new pension administrator offering low-cost but excellent services that
enable employees to keep complete track of their pension accrual, costs online
and the accrued capital on retirement date.

See the attachment for the full press release.


[HUG#1429734]





Click here for the full press release: http://hugin.info/130685/R/1429734/376751.pdf



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Source: BinckBank N.V. via Thomson Reuters ONE

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Bereitgestellt von Benutzer: hugin
Datum: 06.07.2010 - 01:00 Uhr
Sprache: Deutsch
News-ID 23484
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contact information:
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Amsterdam

Kategorie:

Business News

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