NETHERLANDS - The Dutch Association of Company Pension Funds (OPF) has appointed Frans Prins as its new director.
Prins, currently staff director for Public Affairs at the PGGM pension fund for healthcare and social workers, will take over as president on 1 March this year.
He will replace Jeroen Steenvoorden, who is leaving to continue his career elsewhere.
Prins was appointed by the board of management at OPF, which is the umbrella organisation for 370 company pension funds in the Netherlands. OPF affiliated funds hold combined assets of e130bn.
Loek Sibbing, chairman of the OPF board, said: “The board is delighted to welcome Frans Prins.
“Never before have company pension funds had to deal simultaneously with so many significant issues. Changes now taking place in swift succession in the areas of reporting, legislation and governance have a major impact on how our company pension funds operate.
“Given the extensive knowledge and experience acquired by Frans Prins in his current and previous posts, we can be confident of continuing to promote the interests of company pension funds with our customary expertise.”
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.