The Dutch central bank (DNB) has changed the structure of its €1bn pension fund so that it can be managed by the American fund management company BlackRock, reports Monday’s Financieele Dagblad.

The bank is following a trend which began in 2001 for Dutch pension funds to be handled by outside managers. The reason is the increasing complexity of and growing number of regulations in investment management, the paper says.
To date €100bn of Dutch pension money is being managed by outside companies. This is one eighth of the total. The expectation is that the amount will double in the coming years.