mast image

Special Report

Impact investing

Sections

Dexia launches multi compartment ASSEP

LUXEMBOURG- Dexia Insurance & Pension Services (DIPS) has launched a multi-compartment ASSEP, Dexia Pension Fund, to provide supplementary pension for Dexia Group’s 3,000 Luxembourg-based employees. Dexia established DIPS last year to launch the fund and to act as a conduit through which to channel the group’s various activities.

The ASSEP offers both defined contribution and defined benefit arrangements and although it was launched to serve the Luxembourg employees, the independent compartments allow for the launch of funds for other local and foreign companies.

“It is appealing for companies to take a compartment as it is very expensive to set up an ASSEP. Medium-sized companies can automatically have a pension fund if they decide to take out a compartment,” says spokeswoman Anne-Helene Kieffer.

Dexia AM will provide investment management and Dexia Insurance & Pension Services and Dexia Fund Services will help run the scheme.

Kieffer says they are launching a second compartment for a Luxembourg company in March. It is also negotiating with four additional companies, among them multinational subsidiaries, who are considering taking a compartment.


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-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<