From 1 January 2021, pension manager Blue Sky Group will take care of the administration of your pension, as well as the communication with you as a member. The agreement for this service was recently signed, after we informed you in mid-February about the signed letter of intent with Blue Sky Group. Until January 1, 2021, our current pension manager, PGGM, will continue to take care of the administration of your pension.
Being prepared for the future
Philips Pensioenfonds started a selection procedure last year, because we want to be prepared for the future. We expect that greater flexibility in pension administration will be needed in the future. Current developments, including discussions about the so-called Pension Agreement (Pensioenakkoord), are the reason for this. For that reason, we decided to determine, via a selection procedure, who will do the pension administration for Philips Pensioenfonds from 1 January 2021.
Why Blue Sky Group?
After an extensive selection process, Blue Sky Group emerged as the best party for Philips Pensioenfonds. Blue Sky Group's IT system has proven to be able to provide the requested flexibility and is also future-proof. This was an important argument for choosing this party. But of course we also attach the utmost importance to a good quality . So that you as a participant can trust that your pension is in good hands with us. We believe that Blue Sky Group can deliver this quality and that we can continue to provide services to you satisfactorily.
Blue Sky Group is a medium-sized pension provider. At present, Blue Sky Group provides pension administration for more than 90,000 members of the pension funds for, among others, KLM staff and SNS REAAL.
As smooth as possible
The transition to a new pension manager is an important and comprehensive process. It will be tackled on a project basis under the ultimate responsibility of the Board of Trustees of the Fund. The Fund makes every effort to ensure that the transition for you as a participant is as smooth as possible and that any inconvenience is kept to a minimum.