ABN AMRO enters Belgian market with new pension concept

ABN AMRO Life Capital, a new subsidiary of ABN AMRO, starts today with the sale of pension and life insurance products on the Belgian market. These products comprise flexible group and individual insurance plans, with policyholders being able to design a supplementary pension according to their own wishes. ABN AMRO Life Capital will initially focus on successful companies whose employees are interested in building up a supplementary pension. ABN AMRO Life Capital is based in Antwerp.

The formation of ABN AMRO Life Capital is ABN AMRO’s response to the anticipated expansion of the Belgian pension market in the coming years. This is expected to grow by an estimated 13.8%, which is well above the European average of 8.9%. Market research has revealed a mounting awareness among Belgian employees of the need to build wealth for their retirement years. In fact, companies recruiting new staff are increasingly finding that a good pension plan is perceived to be an important element of the reward package.

ABN AMRO Life Capital is launching a new pension concept for the Belgian market under the name ABN AMRO Reward. General Manager of ABN AMRO Life Capital René Vanrijkel: “We offer companies and employees a total pension solution, where all collective and individual pension provisions can be brought together in a single contract. This means that every employee has up-to-date insight into his or her overall accrued pension rights and can view this information at any time via internet. What’s more, employees can realise all their personal wishes within the collective framework, precisely according to their own life cycle and investment profile”.