Public sector fiduciary contract
NETHERLANDS - The Pension Fund Social and Economic Council of the Netherlands (SER) has brought in ING Investment Management to take fiduciary responsibility for the scheme.
The €145m (US$230m) pension fund was already working with ING for general asset management but will now consult the company on portfolio construction, strategic asset allocation, risk management and reporting. ING subsidiary AZL will also support the relationship.
Equity and real estate investments will be split between ING, which will also use external managers, and Bank Insinger de Beaufort.
ING/AZL will take responsibility for all reporting, consolidated accounts and risk assessments, with ING Investment Management taking final responsibility.
Equity and real estate investments will be split between ING, which will also use external managers, and Bank Insinger de Beaufort.
ING/AZL will take responsibility for all reporting, consolidated accounts and risk assessments, with ING Investment Management taking final responsibility.
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