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Syntrus Achmea wins Shell pension fund administration contract

first_imgLast week, Tom van der Spek, director of old-age provision at Syntrus, said the company would now focus on corporate and occupational pension funds, as well as on the new general pension fund (APF) of insurer Centraal Beheer, which is part of Achmea Group.Shell and Syntrus have been co-operating since 1 July 2013, when the oil company closed its defined benefit scheme SSPF to new entrants, who had to start saving in a new defined contribution scheme, SNPS.Since then, Syntrus has managed pensions administration for SNPS, while SSPF kept its own pensions bureau SPN as its provider.Janwillem Bouma, director of both schemes, said Syntrus would also deliver bespoke pension management for SSPF’s participants against low costs.He added that pensions communication “had to comply with the most recent digital standards”.Van der Spek said Shell’s choice had reinforced Syntrus’s position as a “market leader for company pension funds”.In other news, Hibin, the €761m sector scheme for the building materials industry, which is to leave Syntrus, has said it will start carrying out its pensions administration in-house.According to Gijs Alferink, the scheme’s chairman, the new arrangement will allow Hibin to save €400,000 in costs and VAT annually.He said the decision to leave Syntrus had been taken last summer due to a desire to cut costs, as well as growing dissatisfaction with the service provided. Hibin has 13,200 participants and pensioners affiliated with 850 employers. Shell’s closed €26bn pension fund in the Netherlands (SSPF) is to outsource pensions administration for its 40,000 participants to Syntrus Achmea Pensioenbeheer.The new contract, effective from 1 January 2018, will also include all communication with participants.The announcement comes soon after Syntrus disclosed that it would stop providing services to industry-wide pension funds, as its new IT system struggled to cope with their disparate arrangements.At present, industry-wide schemes account for about two-thirds of Syntrus’s business.last_img read more

No. 3 Syracuse field hockey holds off No. 13 Boston, 2-1, in last regular season road game

first_img Published on October 23, 2016 at 4:18 pm Contact Josh: jlschafe@syr.edu | @Schafer_44 Facebook Twitter Google+ No. 3 Syracuse (13-2, 4-2 Atlantic Coast) finished off its regular season road schedule on Sunday with a 2-1 victory over Boston (10-5, 3-1 Patriot). SU dominated play in the first half with two goals before clinging to its lead as BU made a late second-half push.The game began with heavy possession by Syracuse. Lies Lagerweij rang the post in the first five minutes of play setting the tone for a long half for the BU defense. Syracuse found the back of the net just over 22 minutes into the game as Jennifer Bleakney scooped up a loose ball and snuck it just inside the right post. Less than four minutes later, Lagerweij struck a reverse shot past BU goalie Cammy Jensen for what would be the eventual game winner.Jensen had a busy day in net for the Terriers as she faced 11 shots on goal, denying nine of them. Orange goalie Regan Spencer helped fight off the late surge from BU as she turned away four shots in the game.Boston’s lone goal came in the game’s final minutes. Following a key save by Jensen, BU scrambled down the field. With 3:54 left in the game Amanda Cassera gathered her own rebound, and shot the ball past Spencer to cut the Syracuse lead to one. The Orange regained control of the game following the goal, tallying two more shots to finish the game with 18.Syracuse will finish its regular season schedule with senior day next Sunday against Indiana (8-9, 3-4 Big Ten) at 1 p.m. at J.S Coyne Stadium.AdvertisementThis is placeholder text Commentslast_img read more