Northern Trust Corporation has been appointed by Dutch pension fund BPF Beton to provide services including global custody, regulatory reporting, valuation and accounting, and performance analytics. This appointment highlights Northern Trust's commitment to supporting Dutch pension funds as they transition to a new defined contribution system under the Future of Pensions Act. BPF Beton, which manages approximately EUR 1.2 billion in assets for the concrete products industry in the Netherlands, sought a strategic partner to navigate the complexities of the new legislation. Northern Trust's extensive experience in servicing Dutch pension clients and its robust data and technology platform were key factors in securing this mandate.
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