Dutch insurer Aegon NV (AEG,AGN.L) and BPVH, a foundation representing Dutch harbor workers and employers, have jointly agreed to file a request with a Dutch court to remove the restriction on the capital of the harbor workers' former pension fund Optas. This deal puts an end to the dispute that started when the Optas pension fund was transformed into an insurance company, that was subsequently purchased by Aegon in 2007.
Once the request is granted by the court, Aegon would pay 80 million euros to BPVH, as well as offer harbor workers more favorable pension conditions. Further, Aegon would contribute up to 20 million euros over the coming years to help mitigate the effect of an announced reduction in the tax-free pension allowance in the Netherlands.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.