Baker McKenzie has advised Scildon and its holding company Chesnara plc on the transfer of Scildon’s collective pension portfolio to Allianz.
As part of a strategic shift towards focusing on individual life solutions, Scildon has decided to discontinue its collective pension offering. For Allianz, this acquisition aligns with their ambition to expand their Life portfolio and strengthens their collective pension proposition in the Dutch market.
After careful orientation, Allianz emerged as the most suitable party for Scildon with the fit for strong personal contacts with short lines, flexibility and competitive pricing as decisive factors. Like Scildon, Allianz has an extensive distribution network in the pension advice market with a wide reach among employers.
The Baker McKenzie team was led by Mo Almarini and included Joost Polman, Tim Alferink, Philip Lückmann, Willem van Rees, and Daan Paquay.
Further information is available on the respective websites:
Allianz.nl: Allianz takes over collective pension portfolio from Scildon
Scildon.nl: Allianz neemt collectieve pensioen-portefeuille over van Scildon
About Scildon
Scildon, established in 1984 in Hilversum, the Netherlands, offers risk and investment-linked products through independent financial advisers to high net worth customers. Formerly known as Legal & General Nederland, the company was acquired in 2017 by Chesnara plc, an established Life and Pensions Consolidator in the UK and Europe. Effective from 2 July 2025, Scildon will merge with Waard, thereby enhancing its commercial capabilities. This transaction has received approval from De Nederlandsche Bank.
As part of a strategic shift towards focusing on individual life solutions, Scildon has decided to discontinue its collective pension offering. For Allianz, this acquisition aligns with their ambition to expand their Life portfolio and strengthens their collective pension proposition in the Dutch market.
After careful orientation, Allianz emerged as the most suitable party for Scildon with the fit for strong personal contacts with short lines, flexibility and competitive pricing as decisive factors. Like Scildon, Allianz has an extensive distribution network in the pension advice market with a wide reach among employers.
The Baker McKenzie team was led by Mo Almarini and included Joost Polman, Tim Alferink, Philip Lückmann, Willem van Rees, and Daan Paquay.
Further information is available on the respective websites:
Allianz.nl: Allianz takes over collective pension portfolio from Scildon
Scildon.nl: Allianz neemt collectieve pensioen-portefeuille over van Scildon
About Scildon
Scildon, established in 1984 in Hilversum, the Netherlands, offers risk and investment-linked products through independent financial advisers to high net worth customers. Formerly known as Legal & General Nederland, the company was acquired in 2017 by Chesnara plc, an established Life and Pensions Consolidator in the UK and Europe. Effective from 2 July 2025, Scildon will merge with Waard, thereby enhancing its commercial capabilities. This transaction has received approval from De Nederlandsche Bank.
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