Dexia courts Luxembourg pensions business
LUXEMBOURG – The Dexia Insurance group has launched a new subsidiary - Dexia Insurance & Pensions Services - to position itself for the expected growth in companies setting up local and international pension funds under 1999’s ASSEP/SEPCAV legislation.
The new company – itself a subsidiary of the Dexia Life & Pensions part of the insurance group, will aim to provide solutions to problems related to the setting up and funding of schemes, including assisting companies in selecting and managing an appropriate staff retirement vehicle.
Services within the group including those of Dexia Asset Management, custodian Dexia Banque International Luxembourg and Dexia Life & Pensions risk management services, will be part of the package offered to clients.
Dexia Insurance & Pensions Services will also provide various insurance and re-insurance services to clients. Thierry Flamand has been appointed to head up the new operation.