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Dutch pension scheme for architects hires fiduciary manager

05 September 2014

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Dutch pension fund Stichting Pensioenfonds voor de Architectenbureaus has appointed F&C Netherlands as its fiduciary manager.

F&C will provide asset allocation and advice and be responsible for manager selection and monitoring, and risk management and reporting.

The fund said that it has decided to separate fiduciary management from asset management and reporting and control because it wanted to put in place more professional investment management in an increasingly complex arena.

Stichting Pensioenfonds voor de Architectenbureaus chairman Willem Jan Boot, said: "We want to implement a high-quality pension scheme at the lowest possible cost.

"To this end, we've defined a number of basic principles such a scheme should meet, which are to ensure robust risk insight and control and to mitigate our dependence on our external providers."

The fiduciary manager will work in cooperation with the fund's asset managers, PGGM Vermogensbeheer and Syntrus Achmea Real Estate & Finance.

F&C Netherlands BV board member Ben Kramer said: "The current economic climate is increasingly leading institutional investors to look for committed partners that will proactively advise trustees and take a critically constructive view when circumstances so require. By making F&C its fiduciary partner, the fund will be able to focus even better on what should be the foremost priority for a pension fund's trustees: strategy and risk management."

First published 05.09.2014

monique_simpson@wilmington.co.uk