NETHERLANDS - Stichting Pensioenfonds ABP, the Dutch civil service scheme, has chosen Pearl, ORTEC's performance and risk management system.

Gouda-based consulting and systems firm ORTEC said Pearl enables the €187bn fund to analyse all investment decisions taken in the past.

It said: "ABP sought a standard system so flexible that it could be entirely adapted to the wishes of investors based on the parameters.

"The system must also continuously satisfy demands in case of changing legislation in the sector. Pearl provides for this."

Financial terms of the deal were not disclosed.

ORTEC added that ABP visited the Shell and SPF Beheer schemes before opting for the product.