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.”
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.