Full 2014 Results
GOLD AWARDS
Best European Pension Fund
Presented by Amundi
Winner: PensionDanmark (Denmark)
Shortlist:
Almenni Pension Fund (Iceland)
British Steel Pension Fund (United Kingdom)
CERN Pension Fund (Switzerland)
SPK (Sweden)
Outstanding Industry Contribution
Presented by Candriam Investors Group – A New York Life Company
Winner: Mats Andersson, Chief Executive Officer, Fjärde AP-fonden (AP4)
Shortlist:
Gordon Clark, Professor and Director, Smith School of Enterprise and the Environment, University of Oxford
Fritz Janda, Managing Director, Association of Austrian Occupational Pension Funds
Paul Kelly, Director, International Consulting, Towers Watson
Pieter Omtzigt, Member of Dutch Parliament, House of Representatives
Best Long-term Investment Strategy
Presented by PFI
Joint Winners:
Kingfisher Pension Scheme (United Kingdom)
PKA (Denmark)
Shortlist:
Bosch Pensionsfonds AG (Germany)
Frjálsi Pension Fund (Iceland)
Pension Protection Fund (PPF) (United Kingdom)
Pension Fund Personality of the Year
Presented by PFPP
Winner: Penny Green, Chief Executive Officer, Superannuation Arrangements of the University of London (SAUL)
Shortlist:
David Adkins, Chief Investment Officer, The Pensions Trust
Benny Buchardt Andersen, Chief Investment officer, PenSam
Ole Buhl, Director, Head of ESG, ATP
Théodore Economou, Chief Executive Officer and Chief Investment Officer, CERN Pension Fund
Patrick Ferguson, Trustee Secretariat, Construction Workers’ Pension Scheme
Henrik Heldeby, Chief Executive Officer, PFA
Alan Rubenstein, Chief Executive Officer, Pension Protection Fund (PPF)
SILVER AWARDS
Best Corporate Pension Fund
Presented by Intermediate Capital Group, ICG
Winner: Bosch Pensionsfonds AG (Germany)
Shortlist:
British Steel Pension Fund (United Kingdom)
ICI Pension Fund (United Kingdom)
Pension Fund SBB (Switzerland)
The AA Pension Scheme (United Kingdom)
Best Industry-wide Pension Fund
Presented by State Street
Winner: NEST (United Kingdom)
Shortlist:
Frjálsi Pension Fund (Iceland)
PenSam Liv Forsikringsaktieselskab (Denmark)
PensionDanmark (Denmark)
Pension Protection Fund (PPF) (United Kingdom)
Best Public Pension Fund
Presented by Standard & Poor’s Ratings Services
Winner: Fjärde AP-fonden (AP4) (Sweden)
Shortlist:
Environment Agency Pension Fund (United Kingdom)
ERAFP (France)
Lancashire County Pension Fund (United Kingdom)
The State Pension Fund (VER) (Finland)
Best Small Pension Fund
Presented by Manulife Asset Management
Winner: Frjálsi Pension Fund (Iceland)
Shortlist:
Accenture (Ireland)
Austrian Lawyers Pension Fund (Austria)
Frjálsi Pension Fund (Iceland)
BRONZE AWARDS
Alternatives
Presented by LGT Capital Partners
Winner: PKA (Denmark)
Shortlist:
Empleados de Telefónica de España (Spain)
Industriens Pension (Denmark)
Pension Protection Fund (PPF) (United Kingdom)
Equities
Presented by AXA Investment Managers
Winner: Fonditel B (Spain)
Shortlist:
CERN Pension Fund (Switzerland)
OPF (Oslo Pensjonsforsikring AS) (Norway)
Fixed Income
Presented by Legal & General Investment Management
Winner: Bayerische Versorgungskammer (Germany)
Highly Commended: Empleados de Telefónica de España (Spain)
Shortlist:
APK Pensionskasse AG (Austria)
Industriens Pension (Denmark)
Active Management
Presented by Fidelity Worldwide Investment
Winner: Allianz Pensionskasse AG (Austria)
Shortlist:
Bosch Pensionsfonds AG (Germany)
DFE PZU (Poland)
SEB Pension (Denmark)
Presented by Amundi ETF & Indexing
Winner: Environment Agency Pension Fund (United Kingdom)
Shortlist:
Fjärde AP-fonden (AP4) (Sweden)
PensionDanmark (Denmark)
Commodities
Presented by Morgan Stanley
Winner: APG (Netherlands)
Shortlist: HVB Pension Fund (Germany)
DC/Hybrid Strategy
Presented by Robeco
Winner: Industriens Pension (Denmark)
Shortlist:
Pension Fund SBB (Switzerland)
SEB Pension (Denmark)
Diversification
Presented by TOBAM
Winner: NEST (United Kingdom)
Highly Commended: SPK (Sweden)
Shortlist:
Empleados de Telefónica de España (Spain)
SEB Pension (Denmark)
UMR Corem (France)
Emerging Markets
Presented by Erste Asset Management
Winner: Superannuation Arrangements of the University of London (SAUL) (United Kingdom)
Shortlist:
APK Pensionskasse AG (Austria)
Linde Custodian e.V. (Germany)
ESG
Presented by IPE-Quest
Joint Winners:
Environment Agency Pension Fund (United Kingdom)
Pensioenfonds Zorg en Welzijn (PFZW) (Netherlands)
Shortlist:
AG2R LA MONDIALE (France)
Fjärde AP-fonden (AP4) (Sweden)
IRCANTEC (France)
Infrastructure
Presented by Hermes Investment Management
Winner: PensionDanmark (Denmark)
Shortlist:
Ärzteversorgung Westfalen-Lippe (Germany)
Bayerische Versorgungskammer (Germany)
In-house Investment Team
Presented by Neuberger Berman Europe Ltd
Winner: British Steel Pension Fund (United Kingdom)
Highly Commended: Lancashire County Pension Fund (United Kingdom)
Shortlist:
BT Pension Scheme (United Kingdom)
Linde Pension Investments (Germany)
NEST (United Kingdom)
Innovation
Presented by J.P. Morgan Asset Management
Winner: BT Pension Scheme (United Kingdom)
Shortlist:
ABN AMRO Pensioenfonds (Netherlands)
Linde Custodian e.V. ( Germany)
Lombard Odier Pension Fund (Switzerland)
Portfolio Construction
Presented by GoldenTree Asset Management
Winner: SPK (Sweden)
Shortlist:
Bosch Pensionsfonds AG (Germany)
FRR (The French pension reserve fund) (France)
Fonditel B (Spain)
SEB Pension (Denmark)
Real Estate
Presented by KGAL - Real Investments
Winner: Pension Protection Fund (PPF) (United Kingdom)
Shortlist:
Bayerische Versorgungskammer (Germany)
Rabobank Pension Fund (Netherlands)
Risk Management
Presented by Putnam Investments
Winner: SPK (Sweden)
Shortlist:
Fonditel B (Spain)
HVB Pension Fund (Germany)
ICI Pension Fund (United Kingdom)
Presented by M&G Investments
Winner: MNOPF Trustees Ltd (United Kingdom)
Shortlist:
Superannuation Arrangements of the University of London (SAUL) (United Kingdom)
VBV – Pensionskasse AG (Austria)
Smart Beta
Presented by Research Affiliates
Winner: SEB Pension (Denmark)
Highly Commended: Pension Protection Fund (PPF) (United Kingdom)
Shortlist: FRR (The French pension reserve fund) (France)
COUNTRY AWARDS
Presented by Union Investment
Pensionskasse:
Winner: APK Pensionskasse AG
Shortlist:
VBV-Pensionskasse AG
Victoria-Volksbanken Pensionskassen AG
Vorsorgekasse:
Winner: fair-finance Vorsorgekasse
Shortlist:
VBV-Vorsorgekasse AG
Victoria-Volksbanken Vorsorgekasse AG
Best Pension Fund in Belgium
Presented by Capital Group
Joint Winners:
Integrale
Amonis OFP
Shortlist: Pensioenfonds Contractuelen VRT
Best Pension Fund in Central & Eastern Europe
Presented by Aviva Investors
Winner: NLB Nov Penziski Fond (Republic of Macedonia)
Shortlist:
ING Open Pension Fund (Poland)
Swedbank Investeerimisfondid AS (Estonia)
Best Pension Fund in Denmark
Presented by Morgan Stanley
Winner: Industriens Pension
Highly Commended: PensionDanmark
Shortlist:
Nordea Liv & Pension
PenSam Liv forsikringsaktieselskab
Best Pension Fund in Finland
Presented by Stone Harbor Investment Partners
Winner: The State Pension Fund (VER)
Shortlist: Veritas Pension Insurance
Best Pension Fund in France
Presented by Standard Life Investments
Winner: FRR (The French pension reserve fund)
Shortlist:
ERAFP
IRCANTEC
UMR Corem
Best Pension Fund in Germany
Presented by Invesco Asset Management
baV:
Winner: Linde Custodian e.V.
Shortlist:
Bosch Pensionsfonds AG
Commerzbank Pension Fund
Versorgungswerk:
Joint Winners:
Ärzteversorgung Westfalen-Lippe
Bayerische Versorgungskammer
Shortlist:
Versorgungswerk der Wirtschaftsprüfer und der vereidigten Buchprüfer im Lande NRW
Best Pension Fund in Ireland
Presented by Russell Investments
Winner: Construction Workers’ Pension Scheme
Shortlist: Accenture
Best Pension Fund in Italy
Presented by Reference Hub
Winner: Fondenergia
Highly Commended: Fondo Pensione BCC/CRA
Shortlist:
Inarcassa
Solidarietà Veneto - Fondo Pensione
Presented by Daiwa SB Investments
Winner: OPF (Oslo Pensjonsforsikring AS)
Shortlist: DNB Livsforsikring ASA
Best Pension Fund in Portugal
Presented by Alger
Winner: Horizonte - 3 Open Pension Funds of Pensõesgere
Shortlist:
SGFP - Banco de Portugal
Fundo Pensões Aberto BPI Valorização
Best Pension Fund in Spain
Presented by DIAM Co., Ltd.
Winner: Geroa Pentsioak EPSV
Highly Commended: Pensions Caixa 30
Shortlist:
Grupo CEPSA Fondo de Pensiones
Plan de Pensiones de Promoción Conjunta de Grupo DuPont (Bansabadell 46, FP and Bansabadell 43 FP)
Best Pension Fund in Sweden
Presented by MFS International (UK) Limited
Winner: SPK
Shortlist:
Fjärde AP-fonden (AP4)
SEB Life & Pension
Best Pension Fund in Switzerland
Presented by Wellington Management
Winner: Pension Fund SBB
Shortlist:
Lombard Odier Pension Fund
Swiss Federal Pension Fund PUBLICA
compenswiss – Swiss Federal Social Security Funds
Best Pension Fund in the United Kingdom
Presented by Calamos
Winner: British Steel Pension Fund
Joint Highly Commended:
Pension Protection Fund (PPF)
Santander UK Pension Scheme
Shortlist:
ICI Pension Fund
NEST
Superannuation Arrangements of the University of London (SAUL)
What our previous winners say
Pension Protection Fund in the United Kingdom
“We were delighted that our successful and innovative investment approach was recognised with a number of awards during the year, including IPE’s ‘European Pension Fund of the Year’, the first time this award has been made to a UK organisation.”
Alan Rubenstein, Chief Executive Officer
PensionDanmark in Denmark
“It was a big honour for us to win in light of some very strong competition. The IPE awards mean a lot to us and our owners. And they are both a testament to and well-deserved recognition of the hard work and dedication displayed by the investment team and all our other colleagues in devising and implementing the new investment opportunities within direct infrastructure investments, export credit finance and senior secured infrastructure loans.”
Torben Möger Pedersen, Chief Executive Officer
APK in Austria
“Winning the IPE Award was a confirmation from an external source of how innovative and capable APK’s fixed income investment process is. This is useful both with respect to motivating the asset management team internally but also in the communication with our customers. Being a serial winner of IPE Awards serves to maintain APK’s reputation as one of the leading pension funds in Europe.”
Christian Böhm, Chief Executive Officer
WPV in Germany
“For WPV it is not the most important thing to win an IPE award. When we participate and submit our application we hope to motivate and to encourage others, vice versa we are happy to learn from other participants. The awards are a good opportunity to exchange ideas and to communicate. Winning an IPE award shows us we are on the right path.”
Hans-Wilhelm Korfmacher, Managing Director
British Steel Pension Fund in the United Kingdom
“I’m delighted to have won our fourth IPE award, particularly so for the In-House Investment Team which we won outright this year, having been joint winners last year. This particular award pits us against some of the biggest global investment institutions, which employ far greater resources than ourselves, and it thus vindicates our tried and tested model founded on strong investment beliefs, singularity of purpose and clear alignment of interests. Warm congratulations to all that were involved in this great achievement.”
Hugh Smart, Chief Investment Officer
Pensioenfonds KBC in Belgium
“You never get used to winning an IPE Award: in 2012 Pensioenfonds KBC won the IPE Award for best pension fund in Belgium, the 3rd time in 5 years but it still makes you feel very proud!”
Edwin Meysmans, Director
CERN Pension Fund in Switzerland
“The news that the panel of judges honoured the CERN Pension Fund for its risk management is a tremendous encouragement for the CERN Pension Fund team to continue to reach for best practice. Receiving the award was an honour. But most importantly, being recognized by a prestigious publication and a distinguished jury provides comfort to our members and beneficiaries. Altogether, we are very grateful to Investments & Pensions Europe for its leadership in the pensions industry, and for pushing us to be the best at what we do!”
Theodore Economou, Chief Executive Officer
Clwyd Pension Fund in the United Kingdom
“We were delighted to win the bronze award for Alternatives and then go on to receive the prestigious silver award for Best Public Sector Fund – an amazing result for a small fund with limited in-house resources. Such acknowledgements are viewed both as an endorsement of the leading-edge strategies employed by the Fund since the mid-1990s, particularly its focus on diversification and risk diversity, as well as providing assurance to stakeholders that the Fund is ‘on the right track’. Finally, many thanks to IPE for organising another great event.”
Philip Latham, Pension Fund Manager
APG in The Netherlands
“As investors of pension money, at APG we use all of our experience, expertise and innovative power to invest the pension premiums in a sound, responsible and cost effective way. Our smart-beta approach to investing in commodities is an example of that. We see this award both as a recognition of that approach and as an encouragement.”
Benjamin Maat, Senior Portfolio Manager Commodities
BPI Gestão de Activos in Portugal
“It is very important for the investment management industry to keep fighting for the trust of their clients in these difficult times. External and independent appraisals do make the difference and the IPE Awards are the gold standard in the pension fund industry. Winning the IPE Award for Portugal is an important recognition in our market and a motivation to try to maintain excellence. Looking back to all eight times we have taken part, we realise that this has pushed us further to achieving greater innovation and continuously improving our investment and decision making processes.”
José Luís Borges, Head of Asset Allocation
Royal County of Berkshire Pension Fund in the United Kingdom
“Winning an IPE award validates our investment strategy both in our own eyes but more importantly in the eyes of the broader European Pensions industry!”
Nick Greenwood, Pension Fund Manager
For an individual page in PDF format of each article in the Awards Supplement, please contact Robert Watson, IPE Events Entries:
Tel: +44 (0)20 3465 9327
email: robert.watson@ipe.com