Pensioenfonds Notariaat

Name

Pensioenfonds Notariaat

Legal name

Stichting Pensioenfonds Notariaat

Website

https://pensioenfondsnotariaat.nl

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Occupational Pension Fund

NAICS

Pension Funds (525110), Pension Funds (52511)

akta.pro industry

PRIMARYFSAAAGAK

Taft-Hartley / Labor Union & Public Sector Retirement Systems

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

SECONDARYBPAIAKAA

Pensions & Retirement Benefits Administration

Business & Public Services/Public Sector & Government Administration/Social Security, Benefits & Welfare Administration

SECONDARYFSAAAGAB

Pension Master Trusts, Superannuation & Provident Funds

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

Keywords

• Occupational pension fund
• Notarial sector pension
• Retirement benefits administration
• Sector pension scheme
• Disability and survivor pension

Headquarters

HQ city

Groningen

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Premium Contributions: The fund receives monthly premium contributions from employers (for employees, toegevoegd notarissen and kandidaat-notarissen in employment, the employer contributes) and employees. Premium contributions for 2024 totaled €95.283 million (2023: €86.966 million).
2. Investment Returns on Pension Assets: The fund invests premium contributions and accumulated reserves in a diversified portfolio including equities, fixed income, real estate, and derivatives. Total investment results for 2024 were €228.091 million. Total assets as of 31 December 2024 were €3.345 billion.
3. Reinsurance Income: The fund receives reinsurance income from A.s.r. (N.V. Amersfoortse Algemene Verzekering Maatschappij) for disability pension obligations. Baten uit herverzekering for 2024 were €7.641 million.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Pensioenfonds Notariaat (Stichting Pensioenfonds Notariaat) is the mandatory Dutch sector pension fund for the notarial profession. It administers three pension schemes covering notarissen (entrepreneurs), toegevoegd notarissen and kandidaat-notarissen (in employment), and other medewerkers in het notariaat, providing retirement, disability and survivor pensions to approximately 27,610 active, former, and retired participants with €3.345 billion in assets. Pension administration is outsourced to TKP Pensioen B.V.

Product overview

Pensioenfonds Notariaat operates as a sector pension fund providing pension administration services for (toegevoegd) notarissen, kandidaat-notarissen, and medewerkers in the notariaat (notary sector) in the Netherlands. The fund manages three distinct pension schemes: one for entrepreneurs (notarissen), one for employees in service (toegevoegd notarissen and kandidaat-notarissen), and one for other staff. The core product offering consists of a digital participant portal ('Mijn pensioen') enabling self-service pension management, an employer portal for business administration, and a Pension Planner tool for retirement calculations. Responsible investment management (Verantwoord Beleggen) is integrated as a key service, encompassing ESG policies, exclusion lists, engagement practices, and active voting.

Differentiator

Problem solved

Functional benefit

Products and services

• Pension Scheme for Notarissen (Entrepreneurs)
• Pension Scheme for Toegevoegd Notarissen and Kandidaat-Notarissen
• Pension Scheme for Medewerkers in het Notariaat
• Mijn Pensioen (Participant Portal)
• Employer Portal (Werkgeversportaal)
• Pensioenplanner (Pension Planner)
• Verantwoord Beleggen (Responsible Investing)

Quantifiable outcome

• 112.0% nominal coverage ratio and 112.3% policy coverage ratio as of 31 December 2024, up from 109.3% and 115.1% respectively in 2023.
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• TKP Pensioen B.V. (TKP)coreImplementation/ SI/ Consulting PartnerTKP Pensioen B.V. administers the pension administration for Pensioenfonds Notariaat. TKP holds participant (personal) data and manages the pension administration system. TKP uses sub-processors who receive participant data depending on the situation. TKP is contractually bound to maintain security and confidentiality standards agreed with Pensioenfonds Notariaat.
• CardanocoreTechnology or IntegrationCardano manages the matching portfolio as part of the fund's liability-driven investment (LDI) strategy. Cardano also manages the currency overlay mandate for the fund, handling currency hedging for USD, JPY, and GBP positions.
• BNYM (Bank of New York Mellon)coreTechnology or IntegrationBNYM serves as the custodian for the fund's investment securities. The fund monitors compliance with investment mandates through independent reports from BNYM. BNYM holds custody of investment securities throughout the year.
• A.s.r. (N.V. Amersfoortse Algemene Verzekering Maatschappij)coreOthersA.s.r. reinsures the disability pension obligations for already-ingained disability pensions as of 31 December 2013 and the disability risk under the pension scheme effective from 2014. The reinsurance is classified as a guarantee contract. A.s.r. has a rating of A from S&P, Moody's, and Fitch.
• Willis Towers Watson B.V. Netherlands (Amstelveen)coreImplementation/ SI/ Consulting PartnerDrs. R. van de Meerakker AAG, connected to Willis Towers Watson B.V. Netherlands in Amstelveen, serves as the Certifying Actuary (certificerend actuaris) for the fund. Also serves as key function holder for Actuarial Function.
• Ernst & Young Accountants LLP (EY)coreImplementation/ SI/ Consulting PartnerEY serves as the independent accountant for the fund. Drs. J. Slager RA, Partner connected to EY in The Hague, signed the auditor's report for the 2024 annual accounts.
• Aon (Rotterdam)coreImplementation/ SI/ Consulting PartnerDrs. A.G.M. den Hartogh AAG, connected to Aon in Rotterdam, serves as the Advisory Actuary (adviserend actuaris) for the fund.
• BlackRockminorOthersBlackRock provides investment funds used by the fund including the BlackRock Emerging Markets Index Fund (€97.061 million, 2.9% of total assets) and BlackRock liquidity fund (€344.809 million, 10.3% of total assets).
• BNP ParibasminorOthersBNP provides a liquidity fund used by the fund. BNP Liquidity fund position: €291.435 million (8.7% of total assets).
• RobecominorOthersRobeco provides investment funds. Robeco CBL (Core Liquidity Bond) fund: €158.371 million (4.7% of total assets).
• CBRE Pan-European Core FundminorOthersCBRE provides a pan-European real estate fund used by the fund. CBRE Pan Europa Core Fund: €119.306 million (3.6% of total assets).
• Aegon HypothekenminorOthersAegon provides mortgage investments for the fund's portfolio. Aegon Hypotheken position: €164.925 million (4.9% of total assets).
• Altera WoningenminorOthersAltera Woningen provides residential property investments. Altera Woningen position: €93.411 million (2.8% of total assets).

Scale indicators15 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• PFZW (Pensioenfonds Zorg en Welzijn): Large Dutch sector pension fund for the care and welfare sector; same regulatory and operational framework but much larger AUM, making it a reference incumbent for scale-driven investment and participant-service practices.
• ABP (Algemeen Burgerlijk Pensioenfonds): The largest Dutch sector pension fund (government and education employers); operates the same bedrijfstakpensioenfonds model and serves as the benchmark incumbent for governance, investment, and administration practices in the Dutch sector.

Others

• Cardano: LDI and currency-overlay manager for Pensioenfonds Notariaat; comparable as a specialist investment service provider serving Dutch pension funds' risk-management needs.
• TKP Pensioen: Third-party pension administrator that runs Pensioenfonds Notariaat's administration; comparable as an ecosystem participant that delivers administration for multiple Dutch pension funds.
• APG: Largest Dutch pension administrator and asset manager (executes ABP, PFZW, etc.); directly comparable in providing outsourced pension administration and asset management to Dutch sector funds — analogous to Pensioenfonds Notariaat's relationship with TKP.
• PGGM: Dutch pension services and asset-management cooperative; comparable in providing third-party pension administration, asset management, and policy advice to Dutch pension funds, including adjacent sector schemes.

Direct peers

• Pensioenfonds Metaal en Techniek (PMT): Dutch sector pension fund for the metal and technical industry; comparable bedrijfstakpensioenfonds structure, mandatory participation, and multi-employer administration model.
• BPL Pensioen: Dutch sector pension fund for advocates and other legal professionals; structurally the closest peer given the same bedrijfstakpensioenfonds model and adjacent Dutch legal-sector population.
• Pensioenfonds Bouw: Dutch sector pension fund for the construction industry; directly comparable in governance structure, mandatory sector mandate, and participant-portal/employer-portal delivery model.
• Stichting Pensioenfonds Huisartsen: Dutch sector pension fund for general practitioners and their employees; directly comparable in being a designated professional-sector pension fund with mandatory participation and similar AUM scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pensioenfonds-notariaat

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pensioenfonds Notariaat