Dutch pension scheme Stichting Pensioenfonds Haskoning Nederland has appointed Van Lanschot Kempen Investment Management as its fiduciary manager, awarding the Dutch asset manager a full fiduciary management mandate for its total assets worth €1.25bn.
The pension fund, which manages retirement benefits for current and former employees of engineering consultancy Haskoning Nederland, has more than 11,000 members.
According to the scheme, the appointment is intended to support its preparation for the transition to the Netherlands’ new pension system under the Future Pensions Act (Wet Toekomst Pensioenen).
Liesbeth Galesloot, the fund’s chair, said the scheme sought a fiduciary manager capable of supporting both its governance framework and long-term objectives during the reform process.
“With the Future Pensions Act on the horizon, we wanted to strengthen our organisation by partnering with a fiduciary manager who understands our requirements and long-term vision and can guide us throughout this process,” she said.
“After a careful selection process, we chose Van Lanschot Kempen. The proposed services and the intended collaboration model align well with how we prefer to operate within the new pension system.”
Johan van Egmond, head of institutional relations at Van Lanschot Kempen, said the appointment reflected a shared commitment to creating a pension arrangement suited to the new regulatory environment.
“We look forward to a constructive and long-term partnership, including a successful transition to the new pension system,” he added.
Border to Coast picks AllianceBernstein for equity alpha fund
Separately, UK Local Government Pension Scheme (LGPS) pool Border to Coast Pensions Partnership has appointed AllianceBernstein to manage a quality-focused global equity mandate within its Global Equity Alpha Fund.
The appointment forms part of an ongoing review of the fund’s external manager lineup and investment strategy.
Border to Coast’s Global Equity Alpha Fund, launched in 2019, seeks to outperform the MSCI All Country World Index by at least 2% per annum over rolling five-year periods after fees. The strategy combines multiple external active managers within a single pooled vehicle.
The LGPS pool has previously used a multi-manager approach for the fund, selecting specialist active managers to provide differentiated sources of return while benefiting from the scale and fee efficiencies of pooled investment.
AllianceBernstein will run a quality-focused global equity portfolio within the fund’s broader active equity framework. The mandate size was not disclosed.
The mandate further expands Border to Coast’s roster of external equity managers as the pool continues to develop its investment offering for partner funds, the pool stated.
