The Dutch financial services provider Achmea has transferred three of its pensions consultancy services from Achmea Pension Services (APS) to Achmea Investment Management (Achmea IM), ahead of the phase-out of the pensions administration business.

The decision follows the announcement in July 2025 that it would phase out the "unprofitable" APS for external customers.

Through the transition of the three consultancy teams – actuarial advice, management advice and legal advice – around 50 employees will move from APS to Achmea IM on 1 April.

Achmea said that combining several consultancy services with investment management will enable it to better meet the demands of the Dutch market, which is undergoing significant change due to the Future Pensions Act (Wtp).

As a result of the reforms, Achmea expects the number of players in the market to decrease over the next few years, leaving a small number of large parties active.

Therefore, it hopes that its new solution will strengthen the position of Achmea IM in the market, which had €277bn in assets under management as at 31 December 2025.

Commenting, Achmea IM Board chair, Maureen Schlejen, said: “Specifically, during this challenging period for the pension sector, we aim to play an important role. By combining consultancy services and fiduciary management, we broaden our service offering and enhance our relevance for customers seeking such an integrated approach.

“By integrating colleagues with valuable expertise, we strengthen Achmea IM, enabling us to provide our customers with even greater insight and service quality. This aligns with our ambition to be a leader in integrated pension solutions and to set the standard for modern fiduciary management in the Netherlands.”

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