Aegon to Pick Up Dutch Pension Administrator

November 22, 2002 ( - Dutch insurer Aegon NV has announced plans to acquire the entire share capital of the TPG KPN Pensioen B.V, the pensions' administrator for telecoms group KPN and mail and logistics group TPG, Reuters reported.

Under the deal Aegon will administer six pension funds, which control assets of more than six billion euros and have 146,000 participants, Reuters said. The funds’ management remains responsible for policy matters.

TPG KPN Pensioen B.V employs 121 people.

TKP’s business lines include pension administration, asset management, and advising pension funds on legal, tax, actuarial and investment policies.