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ABP and PGGM threatened with 'levensloop' lawsuit

The Dutch Association of Insurers is suing the Netherlands' two largest pension funds, ABP and PGGM, for alleged misuse of their members' information to sell "lifestyle" investment funds.

Lifestyle, or Levensloop plans, are investment funds that can be drawn on at any time to fund sabbaticals during an individual's working life. Savers can invest 12% of gross salary in them.

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