Pensioenfonds POB

Pensioenfonds POB

Pensioenfonds POB was established on November 1, 1968, as the pension vehicle for the Dutch grocery sector. It serves current and former employees plus survivors through a defined benefit structure. The fund operates from Heerlen and works with employer and union representatives on the board. The portfolio mixes private real estate through Altera Vastgoed, residential mortgages via Achmea, and fixed income mandates at Robeco. Additional allocations include emerging markets equities at Amundi, global government bonds at LGIM, and public equities at State Street Global Advisors. Geographic exposure centers on the Netherlands and broader Europe, with smaller positions in global and emerging markets. The fund also maintains a relationship with the Stichting Sociaal Fonds Levensmiddelenbedrijf for sector social benefits. Assets total 7.1 billion USD. The fund employs external administrators including AZL and Northern Trust as global custodian. It belongs to the Pensioenfederatie. In December 2024 the fund hosted a webinar on the transition to the new Dutch pension system known as Wtp. Board composition reflects the industry tripartite model with seats for employers represented by Vakcentrum, unions FNV and CNV, and independent members. This structure ties investment oversight directly to the grocery sector stakeholders rather than a standalone investment office.