IPE Awards: PensionDanmark scoops European Pension Fund of the Year
PensionDanmark took the top prize of European Pension Fund of the Year at Tuesday night’s IPE Awards in Prague.
The €30bn pension provider was praised by the judges for its innovative use of technology in several areas, with one judge remarking that PensionDanmark “effectively operates in the future”.
PensionDanmark’s advanced approach also saw the fund take home the Innovation award.
Alan Rubenstein, outgoing chief executive of the UK’s Pension Protection Fund, was presented with the Lifetime Achievement Award in recognition of his work at the lifeboat scheme.
Elisabeth Bourqui, head of the pensions management operations at Swiss technology firm ABB, was awarded Pension Fund Achievement of the Year for her team’s implementation of an advanced investment process adaptable across the company’s more than 100 defined benefit and defined contribution schemes.
ABB was also recognised as the top pension fund in Switzerland in the country awards.
Also taking home Gold Awards were Sweden’s AP4 for the best Long-Term Investment Strategy, and the UN’s Principles for Responsible Investment (PRI) for Outstanding Industry Contribution. One judge said there could be “no question” about the influence of the PRI on a global level regarding the application of ESG investing.
The Corporate Pension Fund of the Year award was shared between two UK schemes: HSBC and Trafalgar House. France’s ERAFP was awarded Public Pension Fund of the Year, and Spain’s Unifondo V was named Small Pension Fund of the Year.
Several pension funds won a brace of awards, including the £2bn (€2.2bn) Royal County of Berkshire Pension Fund, recognised for expertise in Emerging Markets and Alternatives, and Nordic provider SEB Life & Pension, which took home the Bronze awards for both Fixed Income and Equities.
The full list of award winners is as follows:
European Pension Fund of the Year: PensionDanmark
Outstanding Industry Contribution: PRI
Pension Fund Achievement of the Year: Elisabeth Bourqui, ABB Group Pensions
Lifetime Achievement Award: Alan Rubenstein
Long-Term Investment Strategy: AP4
Corporate Pension Fund: HSBC Bank UK Pension Scheme and Trafalgar House Pension Trust
Multi-Employer/Professional Pension Fund: Merchant Navy Officers Pension Fund (MNOPF)
Public Pension Fund: ERAFP
Small Pension Fund: Unifondo V Pension Fund
Sovereign Reserve Fund: ATP
Active Management: Alecta
Passive Management: FRR
Alternatives: Royal County of Berkshire Pension Fund
Equities: SEB Life & Pension
Fixed Income: SEB Life & Pension
Austria (Pensionskasse): Allianz Pensionskasse AG
Austria (Vorsorgekasse): APK Vorsorgekasse AG
Belgium: Pensio B
Central & Eastern Europe: Swedbank Dinamika
Germany (bAV): Bosch Pensionsfonds AG
Germany (Versorgungswerk): Ärzteversorgung Westfalen-Lippe
Ireland: RetireSmart (ESB Defined Contribution Pension Scheme)
Italy: Fondo Pensione Laborfonds
Netherlands: Pensioenfonds PGB
Portugal: Fundo de Pensões Horizonte Valorização
Small Countries: Frjálsi Pension Fund
Spain (corporate scheme): PensionsCaixa 21
Spain (multi-employer scheme): Geroa Pentsioak EPSV
Switzerland: ABB Group Pensions
United Kingdom: Strathclyde Pension Fund
Climate Related Risk Management: APG Asset Management
DC & Hybrid Strategies: Bosch Pensionsfonds AG
Diversification: Merchant Navy Officers Pensions Fund (MNOPF)
Emerging Markets: Royal County of Berkshire Pension Fund
Factor Investing: HSBC Bank UK Pension Scheme
In-house Investment Team: PGGM
Portfolio Construction: Sampension
Real Assets & Infrastructure: Ärzteversorgung Westfalen-Lippe
Real Estate: Church Commissioners for England
Risk Management: Trafalgar House Pension Trust
Specialist Investment Managers: PGGM
Photo credit: Miguel Alonso