Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Saturday 26 May 2018

LATEST NEWS 

Autumn Conference

Holland Casino paid €4.3m during transfer to APF

Written by Tineke de Vries
11/05/18

Holland Casino made a one-off payment of €4.3m to its pension scheme when it transferred to the general pension fund (APF) Stap last year.

It also paid the APF €120,000 to cover the transition costs, the pension fund’s annual report said.

Holland Casino said the one-off voluntary payment was agreed because the fund’s transfer to the APF would save the company money. The amount was agreed after negotiations with the pension trustee board.

The pension fund of Holland Casino has 3,600 active members, assets of €1.5bn and a coverage ratio of 103.2 per cent.

General pension fund Stap, founded by insurer Aegon and its subsidiary TKP, has acquired several new clients in the past year, including the Douwe Egberts pension fund and part of the Transavia pension fund.



Related Articles

Latest News Headlines
Adam Cadle provides a summary of the big European pensions stories to have hit the headlines this month
Most read stories...
World Markets (15 minute+ time delay)

Money Age Book Now