Northern Trust appointed custodian for BPF Beton
02 June 2025 The Netherlands
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Northern Trust has been appointed custodian by BPF Beton.
Northern Trust will provide global custody, regulatory reporting, valuation and accounting, and performance analytics services for the Dutch pension fund.
The appointment comes amid the Dutch pensions system migrating to a defined contribution system, known as the Future of Pensions Act or ‘Wet Toekomst Pensioenen’.
Herman Prummel, country head for the Netherlands at Northern Trust, says: “With our deep local market expertise, global scale, data and technology platform, Northern Trust is committed to the Dutch pensions industry and its evolving needs.
“This mandate showcases our regional commitment and expertise in ensuring a seamless, efficient transition to the new reporting standards.”
Govert van der Peijl, president and chairman of BPF Beton, adds: “We sought a strategic service provider who understands the requirements under the new legislation and who can support us navigate this new landscape. Northern Trust impressed us with their rapid response to the new legislation and their dedication to the Dutch pension fund industry.”
Northern Trust will provide global custody, regulatory reporting, valuation and accounting, and performance analytics services for the Dutch pension fund.
The appointment comes amid the Dutch pensions system migrating to a defined contribution system, known as the Future of Pensions Act or ‘Wet Toekomst Pensioenen’.
Herman Prummel, country head for the Netherlands at Northern Trust, says: “With our deep local market expertise, global scale, data and technology platform, Northern Trust is committed to the Dutch pensions industry and its evolving needs.
“This mandate showcases our regional commitment and expertise in ensuring a seamless, efficient transition to the new reporting standards.”
Govert van der Peijl, president and chairman of BPF Beton, adds: “We sought a strategic service provider who understands the requirements under the new legislation and who can support us navigate this new landscape. Northern Trust impressed us with their rapid response to the new legislation and their dedication to the Dutch pension fund industry.”
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