British Steel wins IPE’s Best European Pension Fund Award
The British Steel Pension Fund was the big winner at this year’s IPE Awards, held at the Hotel Arts in Barcelona, taking home three trophies.
In addition to winning the coveted Best European Pension Fund Award, the €19.3bn defined benefit scheme also won the Best Pension Fund in the United Kingdom and In-house Investment Team awards.
Theo Kocken, founder and chief executive of Cardano, won the Outstanding Industry Contribution Award for his influence in the pensions industry with regard to risk management and preparing for future financial crises.
PenSam’s Helen Kobæk walked away with the Pension Fund Achievement of the Year Award for her commitment to the development of social welfare benefits in Denmark.
PenSam picked up two further awards for Active Management and Specialist Investment Managers.
The fourth Gold Award – for Long-Term Investment Strategy – went to the UK’s Trafalgar House Pension Trust.
Other notable winners included the UK’s Merchant Navy Officers’ Pension Fund (MNOPF), SEB Pension of Denmark and Germany’s Bosch Pensionsfonds, which each won two awards.
The MNOPF won the Alternatives and Innovation awards, while SEB Pension took home the Equities and Smart Beta trophies.
Bosch Pensionsfonds came out best in the Fixed Income and Diversification awards.
Altogether, there were 43 awards from a record number of entries.
The full list of winners
Best European Pension Fund: British Steel Pension Fund
Outstanding Industry Contribution: Theo Kocken, Cardano
Pension Fund Achievement of the Year: Helen Kobæk, PenSam
Long-Term Investment Strategy: Trafalgar House Pension Trust
Active Management: PenSam
Passive Management: West Midlands Pension Fund
Best Corporate Pension Fund: Santander UK Group Pension Scheme Common Fund
Best Industry-Wide Pension Fund: Pension Protection Fund
Best Public Pension Fund: The Church Commissioners
Best Small European Pension Fund: Frjálsi Pension Fund
Best Sovereign Reserve Fund: FRR and NLB Penziski Fond
Alternatives: Merchant Navy Officers’ Pension Fund
Equities: SEB Pension
Fixed Income: Bosch Pensionsfonds AG
Best Pension Fund in Austria: Allianz Pensionskasse (Pensionskasse) and VBV – Vorsorgekasse (Vorsorgekasse)
Best Pension Fund in Belgium: Integrale
Best Pension Fund in Central & Eastern Europe: KB First Pension Company
Best Pension Fund in Denmark: PFA Pension
Best Pension Fund in Finland: Elo Mutual Pension Insurance Company
Best Pension Fund in France: Ircantec
Best Pension Fund in Germany: Deutsche Telekom Pensionswerke (bAV) and Ärzteversorgung Westfalen-Lippe (Versorgungswerk)
Best Pension Fund in Ireland: Construction Workers’ Pension Scheme
Best Pension Fund in Italy: Fondo Pensione Laborfonds
Best Pension Fund in The Netherlands: Nedlloyd Pensioenfonds
Best Pension Fund in Portugal: Fundo de Pensões Aberto BPI Valorização
Best Pension Fund in Small Countries: Almenni Pension Fund
Best Pension Fund in Spain: Pensions Caixa 30
Best Pension Fund in Sweden: SPK
Best Pension Fund in Switzerland: Pension Fund SBB
Best Pension Fund in the UK: British Steel Pension Fund
Climate-Related Risk Management: Environment Agency Pension Fund
DC/Hybrid Strategy: NEST
Diversification: Bosch Pensionsfonds AG
Emerging Markets: Royal County of Berkshire Pension Fund
In-house Investment Team: British Steel Pension Fund
Innovation: Merchant Navy Officers’ Pension Fund
Portfolio Construction: FRR
Real Estate: Merseyside Pension Fund
Risk Management: Superannuation Arrangements of the University of London (SAUL)
Smart Beta: SEB Pension
Specialist Investment Managers: PenSam