The KAS BANK Pension Fund Monitor app for the iPad provides pension scheme managers, trustees and sponsors with key performance metrics for their scheme’s funding level, combined with compliance, performance and risk reports. Up-to-date, 24/7 and from any location. In addition to the key management information, the intuitive interface allows the user to drill down to more detailed data, such as changes in market value for each asset over time, with a few simple movements.
Your iPad is directly connected to KAS BANK Investment Management Services, which analyses, consolidates and verifies al the pension funds data according to the investment objectives of your fund.
Your fund data is fully protected with your personal password. Moreover, no data is stored on your iPad. Thus, even when you lose the device, there is still no possibility for third parties to access your data.
Fokko Covers, Managing Director, Stichting Pensioenfonds Elsevier-Ondernemingen, shares his initial reaction to the app:
“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.”
Background
KAS BANK benefits from an eminent position in the Dutch pension market, with a market share of approximately 30 per cent of funds and EUR 270 billion in assets under administration. In recent years there has been a significant shift in the services we provide for pension funds, having evolved from a more traditional role as custodian to become a specialist in wholesale securities services. This is due to stricter rules and regulations for pension funds, the rise of multi-manager and especially fiduciary structures, and the need for pension scheme managers and trustees to be in control.
As a neutral party – we do not offer investment management services or advice – we are the ideal partner to provide independent information on asset values and the fund’s liabilities, and pertinent data concerning the funding level, compliance and risk reports.
KAS BANK safeguards large amounts of fund data, which we are able to qualify and deliver to a wide range of audiences. The most common wish we hear from senior management of pension schemes is for daily provision of comprehensive management information.
In response, we have developed the iPad app, an extremely convenient tool that presents data in a simple, secure and efficient way, anytime and anywhere.
The KAS BANK Pension Fund Monitor app is an important addition to our services and, in light of recent feedback, is expected to help accelerate the current growth of our services. A recent example of this is the mandate we received from the Dutch ‘Stichting Bedrijfstakpensioenfonds voor de Detailhandel’, an industry-wide pension scheme for the retail sector. This € 8 billion pension fund has selected KAS BANK as its custodian and asset administrator. KAS BANK was selected primarily for its independence and specialist market knowledge.