The PNO Media pension fund (€3.3bn) and the the Dutch Film and Cinema Industry pension fund (€152m) plan to merge.
“PNO Media could offer the benefits of scale, as well as certainty for the future of our pension plan,” explained chairman of the film and cinema scheme, Ron Sterk. “Moreover, at PNO Media, our identity will remain largely intact, while we can also have a say about our pension arrangements.”
Sterk added the process of the merger will be conducted very carefully and should be done by the summer. Currently, Syntrus Achmea is administering the pension fund.