Netherlands - The e11.7bn Doctors Pension Funds Services BV has appointed WM Performance Services, the European performance measurement division of State Street, to provide performance measurement services.
The Doctors Pension Funds service, the largest Dutch pension fund in the professional sector, is a comprised of two funds - the Stichting Pensioenfonds voor Huisartsen and Stichting Pensioenfonds Medische Specialisten.
WM said it would provide Doctors Pension Funds Services with performance measurement on a monthly basis and on an aggregate level, and provide additional information for their internal board reporting.
Speaking about the mandate, Bert Bos, CEO of Doctors Pension Fund Services said: “Performance measurement and analysis is part of good corporate governance.
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The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.