Buy-out of Pensioenfonds Campina

Pensioenfonds Campina opts for a buy-out by Zwitserleven

Pensioenfonds Campina has opted for a buy-out by Zwitserleven. The fund managed the pensions of approximately 9,000 participants, including 6,400 pensioners, and had invested assets of around 1.25 billion euros. After receiving a no-objection declaration from the Dutch Central Bank (DNB) in June 2026, the pension obligations were transferred to Zwitserleven. This transfer provides participants with the security of a lifelong guaranteed pension at Zwitserleven, combined with attractive indexations.

The solution

From July 2026, almost all participants with Zwitserleven will receive a lifelong annual indexation equivalent to European inflation (100% HICPxT), supplemented by a compensatory indexation. This compensatory indexation accounts for previously missed indexations and depends on the year in which a participant's pension accrual ended. For some participants, this compensation can amount to as much as 19%.

This solution not only secures pension benefits but also better protects participants' purchasing power against inflation.

Why Zwitserleven?

Martien van den Hoven, chair of Pensioenfonds Campina, explains why Zwitserleven was chosen: “We wanted long-term security for the participants, and Zwitserleven offers exactly that. It is a reliable insurer with a long track record that has previously taken over obligations from many pension funds. Moreover, Zwitserleven offers a guaranteed and inflation-proof pension with user-friendly portals that provide excellent overviews for participants. The pleasant and professional collaboration with the Zwitserleven team resulted in a seamless implementation process. We greatly benefited from Zwitserleven's expertise and capabilities in risk management during the approval process, contributing to securing this excellent indexation outcome for our participants.”

A buy-out with security for participants

With the transfer to Zwitserleven, Pensioenfonds Campina opts for a future-proof solution that combines security, purchasing power retention, and professional execution. Participants benefit from the financial strength of a specialized pension insurer and guaranteed indexation linked to European inflation.

The buy-out of Pensioenfonds Campina highlights Zwitserleven's expertise in guiding pension funds through the transfer of pension obligations and achieving attractive results for participants.