The Festina Life and Pension platform live in the Netherlands

The Festina Life and Pension platform is live for the first pension funds, that APG has transitioned to the new Dutch pension system

As the very first pension provider in the Netherlands, APG has gone live with the Festina Finance Life and Pension platform. APG has transitioned the two first pension funds PWRI and PPF APG, with more than 200.000 participants, to the new Dutch pension system. Festina congratulates APG and the two pension funds with this major achievement.

Annette Mosman, Chair of the Executive Board of APG, the pension provider of PWRI and PPF APG: "I am extremely happy and proud that our first funds have reached the finish line of this pension marathon. We have gained important experience for the transition of our other customers, including ABP and bpfBOUW."

APG, as the first pension provider in the Netherlands, selected Festina Finance Life and Pension in 2022 as the new pension administration software platform, which was already in commercial operation for leading Danish pension providers.

APG and Festina Finance have worked closely together and have in less than three years implemented the new system, integrated this into the APG landscape and migrated the data of the two pension funds – on time.

Festina Finance will assist APG during the next two years to configure the system for the other six pension funds and transition the remaining 4,3 million participants to the new pension system.

The Festina Finance Life and Pension platform is a modern, cloud-based and very flexible pension administration system. A very significant part of the system is standardized, in a general layer and a country layer, and can easily be configured for pension providers, both for defined benefit (DB) and defined contribution (DC) applications.

Festina has selected partnerships with leading IT- and consulting business partners (including Colosseus, Ensur and Accenture) to provide maximal continuity in implementing customer projects – and share our success.

APG visiting Festina Finance in Copenhagen.

APG is the biggest pension administrator in the Dutch market, serving 8 pension funds, with 4,5 million participants and with total assets of around 600 billion EUR.

Apart from APG, Festina is providing the Festina Finance Life and Pension platform to several other customers in the Netherlands and Denmark.