PGB Pension Services
PGB Pensioendiensten is the captive execution organization of Dutch pension fund Pensioenfonds PGB. It administers all pension schemes and manages the fund's assets for approximately 450,000 participants, operating as a wholly-owned BV based in Amstelveen.
- Company typePrivate
- Founded2017
- HeadquartersAmstelveen, Netherlands
- Headcount251–500
- GTM typeB2B
- OfferingServices
What PGB Pension Services does
PGB Pensioendiensten is the dedicated execution organization (uitvoeringsorganisatie) of Pensioenfonds PGB, a Dutch pension fund originating in the graphic media (grafimedia) sector. The company administers all pension schemes and manages the balance-sheet and asset portfolio (balans- en vermogensbeheer) for the fund, collectively serving approximately 450,000 participants. It operates exclusively for its parent pension fund, with no external commercial customers.
The entity is structured as a Dutch private limited company (B.V.) wholly owned by Pensioenfonds PGB as sole shareholder since 2013. Its origins trace to the 1949 founding of predecessor Grafische Bedrijfsfondsen (GBF); the fund itself was established in 1953, and the execution arm was legally separated from fund governance in 2011 under Dutch legislation and operated as Timeos before being renamed PGB Pensioendiensten in early 2017. Headquartered at Prof. E.M. Meijerslaan 2 in Amstelveen, the company employs 251–500 people and is led by CEO Harold Clijsen, COO Harry Vossebeld, CIO Peter Kolthof, and (effective January 1, 2026) Chief Advisory Officer Lonneke Thissen.
PGB Pensioendiensten delivers two interrelated core services — Pensioenuitvoering (pension administration) and Vermogensbeheer (asset/wealth management) — supplemented by a Uniforme Pensioen Aangifte (UPA) filing service for external stakeholders and a traineeship program for new graduates in asset management. No proprietary technology stack, external APIs, or AI/ML capabilities are disclosed. The business model is fully captive: all revenue is generated through internal service fees charged to its sole client, Pensioenfonds PGB, with no public pricing, no go-to-market motion aimed at acquiring external customers, and a marketing footprint limited to the corporate website, a careers microsite, and recruitment email.
PGB Pension Services firmographics
Firmographics- Name
- PGB Pension Services
- Legal name
- PGB Pensioendiensten
- Website
- https://pgbpensioendiensten.nl
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- PGB Pensioendiensten is the captive execution organization of Dutch pension fund Pensioenfonds PGB. It administers all pension schemes and manages the fund's assets for approximately 450,000 participants, operating as a wholly-owned BV based in Amstelveen.
- Ownership category
- akta.pro rank
PGB Pension Services industry classification
Industry- Product category
- Pension Administration and Asset Management Services
- NAICS
- Pension Funds (525110), Pension Funds (52511)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Pensions & Retirement Benefits Administration (BPAIAKAA)
- akta.pro secondary industry
- Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
Keywords
Where PGB Pension Services is headquartered
LocationHeadquarters
- HQ city
- Amstelveen
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
PGB Pension Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Pension administration and asset management services for Pensioenfonds PGB: PGB Pensioendiensten is a Dutch B.V. (besloten vennootschap) wholly owned by Pensioenfonds PGB (sole shareholder) and focuses entirely on providing pension scheme administration and balance-sheet / asset management services to its parent pension fund. Revenue is generated through service fees charged to Pensioenfonds PGB under this captive arrangement.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
PGB Pension Services product offering
Product offeringCore offering
PGB Pensioendiensten is the dedicated execution organization (uitvoeringsorganisatie) of Pensioenfonds PGB. It administers all pension schemes and performs balance-sheet and asset management (balans- en vermogensbeheer) for the fund, ensuring the pensions of approximately 450,000 participants remain good and affordable. The organization also supports the transition to the new Dutch pension system (Wet toekomst pensioenen, Wtp) and provides the Uniforme Pensioen Aangifte (UPA) reporting service for stakeholders.
Product overview
PGB Pensioendiensten operates as a unified service organization (rather than a multi-product platform) that serves as the execution arm of Pensioenfonds PGB. Its offering centers on two interrelated core services — Pensioenuitvoering (pension administration for all schemes of Pensioenfonds PGB) and Vermogensbeheer (asset/wealth management of the fund's portfolio) — supplemented by the Uniforme Pensioen Aangifte (UPA) service portal for external stakeholder filings and a Traineeship program to develop talent in asset management and financial markets. Together, these offerings support approximately 450,000 pension participants and position the organization for the upcoming Wtp (Wet toekomst pensioenen) transition to the new Dutch pension system.
Differentiator
Problem solved
Functional benefit
Products and services
- Pensioenuitvoering (Pension Administration) Execution and administration of all pension schemes on behalf of Pensioenfonds PGB, including management of the pension registry and participant communications for approximately 450,000 participants.
- Vermogensbeheer (Asset and Balance-Sheet Management) Management of the assets of Pensioenfonds PGB, covering balance-sheet management, asset allocation, and financial markets activities in support of the pension fund's investment objectives.
- Uniforme Pensioen Aangifte (UPA) Uniform Pension Reporting service referenced on the contact page, providing pension declaration/filing services for suppliers, service providers, and other stakeholders interacting with PGB Pensioendiensten.
Quantifiable outcome
- Manages pensions for approximately 450,000 people
- +1 more outcomes
Companies that use PGB Pension Services
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
PGB Pension Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PGB Pension Services partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Pensioenfonds PGBflagship / corePensioenfonds PGB is the sole shareholder (enige aandeelhouder) of PGB Pensioendiensten since 2013, when Timeos was converted into a B.V. PGB Pensioendiensten was set up per Dutch legislation to create a clear separation between pension fund governance/policy and execution. The relationship is bilateral and structural: PGB Pensioendiensten administers all pension schemes and manages the assets (balans- en vermogensbeheer) of Pensioenfonds PGB, while the fund directs policy. The organization rebranded from Timeos to PGB Pensioendiensten in early 2017 to better reflect this trusted advisor/executor role.
Scale indicators3 records
Recent moves8 records
Expansion highlights3 records
PGB Pension Services competitors and assessment
Company assessmentDirect peers
- MN: MN provides pension administration, asset management, and communication services to Dutch pension funds including the metalworking industry fund (PME). Comparable to PGB Pensioendiensten as a sector-pension execution organization with similar integrated service model and Dutch occupational fund client base.
- AZL: AZL is a Dutch pension execution organization administering pension schemes for multiple funds. It is directly comparable to PGB Pensioendiensten in service scope (pension administration and asset management) and target market (Dutch occupational pension funds).
- TKP Pensioen: TKP is a Dutch pension administrator and asset manager serving multiple corporate pension funds. Comparable to PGB Pensioendiensten in pension execution services and target market, though TKP operates a multi-client model rather than PGB's captive single-fund structure.
- PGGM: PGGM provides pension administration, asset management, and policy advisory for the PFZW pension fund. Comparable to PGB Pensioendiensten as a dedicated execution organization serving a single large Dutch pension fund, with similar scale and structural separation between fund and execution entity.
- Blue Sky Group: Blue Sky Group is a Dutch pension execution organization serving the KLM and aviation sector pension funds. Comparable to PGB Pensioendiensten in offering integrated pension administration and asset management for a single sector-specific pension fund, with similar captive mandate structure.
Emerging players
- Brand New Day: Brand New Day is a Dutch pension administrator focused on DC schemes and individual retirement products. Comparable to PGB Pensioendiensten in Dutch pension execution but with a different client segment (individual participants and small employers) and a tech-led operating model.
Broad incumbents
- APG: APG is the largest pension execution organization in the Netherlands, serving ABP and other large funds with pension administration, asset management, and communication. It is a much larger incumbent offering the same integrated admin + asset management model that PGB Pensioendiensten provides to Pensioenfonds PGB.
- Nationale-Nederlanden (NN Group): NN Group's Dutch operations include pension administration and asset management as part of a broader insurance and retirement offering. Comparable to PGB Pensioendiensten in Dutch pension services but operates as a broad incumbent with retail, group, and individual retirement products rather than a captive execution entity.
- ABN AMRO Pensions & Insurance: ABN AMRO provides pension custody, administration, and investment services to Dutch pension funds as part of its broader institutional banking franchise. Comparable to PGB Pensioendiensten in serving Dutch pension funds with asset and administration services but as a diversified bank rather than a dedicated execution entity.
- Achmea Pension Services: Achmea provides pension administration through its subsidiaries for multiple Dutch funds. Comparable to PGB Pensioendiensten in the Dutch pension execution space but as a much larger financial services group with diversified insurance and banking operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
PGB Pension Services social profiles
Digital presencePGB Pension Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
PGB Pension Services leadership team
Management profileNumber of profiles
Profiles4 records
PGB Pension Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PGB Pension Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PGB Pension Services
What does PGB Pension Services do?
PGB Pensioendiensten is the dedicated execution organization (uitvoeringsorganisatie) of Pensioenfonds PGB. It administers all pension schemes and performs balance-sheet and asset management (balans- en vermogensbeheer) for the fund, ensuring the pensions of approximately 450,000 participants remain good and affordable. The organization also supports the transition to the new Dutch pension system (Wet toekomst pensioenen, Wtp) and provides the Uniforme Pensioen Aangifte (UPA) reporting service for stakeholders.
Is PGB Pension Services a public or private company?
PGB Pension Services is a private company. It is classified as corporate owned and is currently operating.
When was PGB Pension Services founded?
PGB Pension Services was founded in 2017. It employs 251 to 500 people.
Where is PGB Pension Services based?
PGB Pension Services is headquartered in Amstelveen, Netherlands, in the Europe region.
How does PGB Pension Services make money?
One revenue line is on record: pension administration and asset management services for Pensioenfonds PGB.
Who are PGB Pension Services's main competitors?
Direct peers on record are MN, AZL, TKP Pensioen, PGGM and Blue Sky Group. Brand New Day is listed as an emerging player. Broad incumbents are APG, Nationale-Nederlanden (NN Group), ABN AMRO Pensions & Insurance and Achmea Pension Services.
Does PGB Pension Services have an API?
No public API is recorded for PGB Pension Services.
What industry is PGB Pension Services in?
PGB Pension Services's product category is Pension Administration and Asset Management Services. Its primary akta.pro industry code is BPAIAKAA, Pensions & Retirement Benefits Administration, with a secondary code of FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds. Its NAICS code is 525110 and its SIC code is 6199.