Riskco publiceert op haar website:
“Pension administration and IT company InAdmin-RiskCo is going to collaborate with the larger IT industry partner DXC Technology. The two want to be able to serve pension funds that are a size too large for InAdmin-RiskCo alone. This is reported by Cees Krijgsman, CEO of InAdmin-RiskCo and Coks Stoffer, general manager of DXC Technology in the Netherlands.
DXC is an American listed IT company with a turnover of $ 20 billion. In the Netherlands, it works with 900 employees in various sectors, including banks and insurance companies. In the UK and the US, it also does policy administration for insurers, with insurance company MetLife as a major customer. According to Krijgsman, RiskCo-InAdmin and British parent company PraxisIFM – with a turnover of € 48 million last year – are now too small for the largest contracts of more than € 10 million per year.
Given the consolidation among pension funds and with a view to the new system, the company wants to be able to cope with those customers. “This year and next year I do not foresee much movement in the market. But in the run-up to the new system, we expect larger funds to focus on implementation.
Scaling up among pension service providers is a trend: recently custodian Kas Bank opted for acquisition for the French company Caceis because it found that it was a size too small for the larger pension funds. A full takeover is not necessary at RiskCo, says Krijgsman. How the planned cooperation takes shape can be determined when concluding the contract with the first major customer, explains Stoffer. “For example, one possibility is that the contract with a joint venture of our companies is concluded.” “
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