mast image

Impact Investing

IPE special report May 2018

Sections

Belgian metal fund up and running

A pension fund for white collar workers in Belgium’s metal industry first touted at the beginning of the year has started operating. Early indications suggest membership will exceed initial expectations.
The aim of the new fund is to provide coverage for those white collar workers whose employers fail to offer them scheme membership. Two years ago a similar fund for blue collar workers launched and it now boasts a membership of 175,000.
Initial estimates for membership of the white collar fund were between 7,000 and 10,000. Fritz Potemans at Agoria, the Brussels-based association for employer groups in the industry, says 10,000 workers have already joined and a further 2,000 are expected by the end of the year.
Agoria has selected Integrale, a local multi-employer pensions provider, to run the entire scheme. Potemans considered a number of providers to oversee the scheme but Integrale prevailed, as it offered the best rates and had an impressive investment track record.
There are no official estimates of the size of the scheme as funds are still being collected. Employers, however, are obliged to pay 0.5% of employees’ gross salaries.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

Begin Your Search Here