- It is the first scheme which is based on life-cycles, implemented for companies in Spain.
- Sabadell is a leader in life-cycle schemes, based on distribution by age and the circumstances of the holder.
The fund manager of Banco Sabadell has received maximum recognition in the awards organised each year by the Investment & Pensions Europe (IPE) magazine, for the management of the Dupont employment scheme. In an event held in Dublin, Ireland, the judges have considered this fund to offer the best corporate scheme that currently exists in Spain.
The Dupont pension scheme currently has a volume of assets close to 33 million euros, in 2010 Banco Sabadell began to manage the scheme. At that point Sabadell implemented a pioneering solution: the creation of a life-cycle pension scheme, based on distribution by age and the circumstances of the holders.
Before Banco Sabadell took over management of the scheme, Dupont held 40% of its assets in equities and 60% in fixed income. When a decision was made to implement the life-cycle model, two portfolios were desgined: one for growth and one for preservation.
For Jaume Viladomiu, Director of Business Forecasting at Banco Sabadell, the IPE award “creates a lot of satisfaction, because it gives value to an innovative gamble taken in 2010, such as life-cycle employment schemes for Dupont, a scheme which many companies contract today due to the higher returns that it offers”.
José Javier Leiras Muñiz, Chair of the joint promotion pension plans of Dupont Group, explained that “this recognition proves the value of the Group’s work, which exclusively seeks to maximise returns for the scheme holders, minimising the risk to which they expose their investments”.
Banco Sabadell’s fund manager is ranked third in the national ranking of number of pension funds managed. Furthermore, it is the leader in life-cycle schemes in Spain, with equity amounting to 436 million euros.