Some pension funds do not have sufficient knowledge and experience to meet all the requirements of good governance. This requires either a significant investment of time on the part of those responsible or the use of external assistance.
Conac has developed a solution for these pension funds in the form of a Multi-Employer Pension Fund: ‘Pension & CO IORP’. This solution allows you to retain the advantages of a pension fund (flexibility, transparency, choice of investment policy, full allocation of investment returns) while reducing significant overheads.
A Multi-Employer Pension Fund is an independent pension fund created under the Professional Retirement Institutions (IRP) scheme in Belgium and supervised by the FSMA regulatory authority. Within this structure, several “separate assets” can be created.
The assets are defined separately in the articles of association for each separate asset pool. This means that there is no solidarity between them and that 100% of the assets are allocated to each separate asset pool, even in the event of deficits in another asset pool.
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