Global Pensions 'Gold Standard' Acknowledged at P&I WorldPensionSummit Awards
THE HAGUE, Netherlands, Oct. 26, 2017 /PRNewswire/ -- The United Nations, Singapore's Central Provident Fund (CPF), The UK National Employment Savings Trust (NEST) and Amundi have all been awarded Pensions & Investments WorldPensionSummit 2017 Innovation Awards.
The winners received their awards today at the eighth WorldPensionSummit in The Hague, Netherlands.
The Technology award was won by the United Nations Joint Staff Pension Fund, for its creation of a bespoke data handling system, IPAS. Runner up in this category was the Philippines' Government Service Insurance System.
The CPF won the award for Communications, after the judges recognised the plan's success in reaching younger members through its #ICanAdult campaign, which reached more than 2 million savers through social media. The runner up was New Zealand's Kiwi Wealth Limited.
NEST took home the Investment prize, after introducing a fund targeting climate change reduction into its default strategy. The runner up was the Transport for London Pension Fund.
The award for Plan Design went to Amundi Global Servicing for its multi-employer cross border pension plan, which can comply with legislation and regulation in seven different European jurisdictions, reducing cost and complexity for multi-national employers. The runner up was the Natal Joint Municipal Pension/Provident Fund of South Africa.
Chris Battaglia, CEO WorldPensionsSummit and Group Publisher Pensions & Investments said: "Today's winners and finalists represent a gold standard in the areas of pensions technology, communications, investment and plan design.
"Their commitment to raising standards in their markets, and the examples they set to pension plans around the world, is exceptional, and I am proud to be recognising all of them today."
The P&I WorldPensionSummit Innovation Awards recognize best practice among pension plans and funds worldwide. Winners and runners up are chosen by a panel of experienced global pensions industry figures. It is one of several P&I initiatives to reward high standards in the pensions industry, which also include the Defined Contribution Excellence and Innovation Awards and the "Eddy" Awards, which recognize outstanding efforts in education and communications for retirement plan participants.
To read more about this year's WPS Innovation Awards, see Pensions & Investments' coverage here.
About Pensions & Investments
Since 1973, P&I has been the leading resource for industry investment data, analysis and news. With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Written for pension, portfolio and investment management executives at the hub of this market, Pensions & Investments provides its audience with timely and incisive coverage of events affecting the money management business. Written by a worldwide network of reporters and correspondents, Pensions & Investments' coverage includes business and financial news, legislative reports, global investments, product development, portfolio management, risk management, technology, investment performance, executive changes, corporate governance and other topics crucial to the people who drive the world of professional money.
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