EUROPE - KAS Bank has developed an app for the iPad which enables pension fund managers, trustees, sponsors and fund administrators to access up-to-date fund data at any time and from any location.
The KAS Bank Pension Fund Monitor links to the firm's pensions dashboard, which delivers key performance metrics for the scheme's funding level combined with compliance, performance and risk reports. These are presented in a customisable graphical format, allowing users to drill down to underlying data when required.
Sikko van Katwijk, member of KAS Bank's managing board said: "Supervisory institutions and other pension fund stakeholders increasingly expect that pension fund managers are demonstrably in control when managing their funds. The challenges facing pension fund managers are growing, while investment and supervision environments are becoming increasingly demanding. So there is a clear need for easily accessible and clearly presented steering information.
"The Pension Fund Monitor app meets this significant need for information on a 24/7 basis. This in turn allows pension fund managers, administrators and Fiduciary Managers to focus entirely on the decision-making process and execution, and keeps trustees fully informed."
One of the first users of the app, Stichting Pensioenfonds Elsevier-Ondernemingen managing director Fokko Covers, added: "I am very excited about the KAS Bank Pension Fund Monitor app. It provides easy access to crucial information, especially movements in the funding level. The reporting of compliance breaches is undeniably important in relation to effective risk management."
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