Here is the latest client win news from Lumera;
Lumera, a leading insurtech company dedicated to the digital transformation of the European Life and Pensions industry, announces another milestone in the Netherlands market, as PGB Pensionsdiensten has successfully implemented Lumera’s policy administration platform. PGB Pensioendiensten, the service organisation for Pensioenfonds PGB, a Top 10 pension fund in the Netherlands, has selected Lumera’s platform to modernise and streamline its pension management chain.
PGB’s implementation of the Lumera platform includes integrations with additional business applications and support for the new WTP (Future Pensions Act) pension scheme. The PGB pension fund is now scheduled for transition to WTP on January 1, 2027.
“Working with our participants, employers, and social partners, we are preparing for the WTP. To implement this in a reliable and cost-efficient manner, our new policy administration system is a critical element. The Lumera environment is more user-friendly for our customers, while offering better insights and improved online services. It also enables more efficient operations for us,” says Harry Vossebeld, COO, PGB Pensioendiensten.
PGB Pensioendiensten has devised a controlled, phased migration to Lumera’s policy administration platform, ensuring that customers receive the quality service they expect, uninterrupted.
Another benefit of the Lumera solution is that PGB Pensioendiensten can maintain the administration of current Financial Assessment Framework (FTK) schemes following the introduction of WTP. This applies to existing customers requiring continued FTK management, and potentially to new customers joining PGB from other providers.
“We look back on an exciting journey so far and appreciate that PGB and Lumera have grown closer together over this period. I admire PGB for their commitment to prioritising quality over speed. Working together, we have established a solid foundation and look forward to the next milestone, the transition to the WTP, says Jeroen Elbertse, Commercial Director, Lumera Netherlands.
Lumera serves a diverse set of client organisations in the Netherlands pensions market, including self-administrating funds, pension administration organisations (PUOs), an APF (Het Nederlands Pensioenfonds) and satellite funds, such as PGB and BPF Detailhandel. This space is projected for growth following WTP transition and the ensuing consolidation of pension funds predicted by consultants, such as PWC and Eraneos.
Be the first to comment