 Head office in Heerlen | |
| Company type | Foundation |
|---|---|
| Industry | Pension fund |
| Founded | 1922 |
| Headquarters | Heerlen, Netherlands |
| Products | Pension, Financial services |
| Total assets | €344 billion ($400+ billion) |
Stichting Pensioenfonds ABP ("National Civil Pension Fund"), frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands. For the quarter ended 31 December 2014, ABP had 2.8 million participants and assets under management of €344 billion ($388 billion, 1 EUR=1.13 USD), making it the largest pension fund in the Netherlands and among the five largest pension funds in the world as at September 2016.[1]
ABP's predecessor, the Algemeen Burgerlijk Pensioenfonds ("Dutch Civil Servants Pension Fund"), was established in 1922, following the adoption of the superannuation act, which regulated the pensions of civil servants. Originally, the pension fund was a government controlled entity that fell under the authority of the minister of home affairs in The Hague. In January 1996, ABP was privatized although its primary function remains unchanged.
Since 1 March 2008, ABP's subsidiary APG administers the ABP pension scheme.
ABP is headquartered in Heerlen, Netherlands. On 1 January 2015, Corien Wortmann-Kool took the chair as Chairman of the Board.
- ^ "Top pension fund assets fall for the first time since the global financial crisis". Willis Towers Watson.