Utrecht,
30
November
2011
|
00:00
Europe/Amsterdam

Aon Hewitt takes over pension funds management operations from ASR

Summary

ASR and Aon Hewitt have reached an agreement regarding the takeover of the management operations of ASR Pension Fund Services (APFS). The takeover will occur on 1 January 2012.

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ASR and Aon Hewitt have reached an agreement regarding the takeover of the management operations of ASR Pension Fund Services (APFS). The takeover will occur on 1 January 2012.

​With this takeover Aon Hewitt will incorporate the APFS pension administration contracts for circa 20,000 participants. The ASR-employees that manage these contracts will follow the takeover. Other APFS-employees will continue to be employed at ASR.

Marcel van der Meulen, director of Pensions at ASR: 'Managing administrations for pension funds is not a core activity as part of our refined strategy, which is why we have decided to divest APFS' activities.' As part of the refined strategy ASR focuses mainly on servicing the target groups individual customers, the self-employed and enterprises up to 500 FTE.

Next to its HR consulting activities, Aon Hewitt is specialized in worldwide management of pension administrations and expects the integration of APFS to go smoothly. 'Aon Hewitt is an organization with a sharp eye for the modern demands of pension funds. This takeover firmly fits with our growth strategy,' according to Reinoud van den Broek, CEO of Aon Hewitt for the Benelux.