RISK & GRC MANAGEMENT

FOR PENSION FUNDS

Like banks and insurers, pension funds are more subjected to supervision. Examples of this are the Pension Governance Code, the increasing influence by the AFM, the policy rules for outsourcing and the consequences by the European Commission. Besides that, pension funds received a lot of attention due to the negative consequences from the financial crisis and the following recoveries. The attention for ethical investments by participants also increased. Due to these facts the pension board and management have a strong need for effective risk control and compliance management. The CERRIX tool offers a adequate support in GRC management within the pension branch.

Risk can be defined as unwanted and unexpected financial expenses caused by one or more incidents. Risks for pension funds can be divided in financial risks and non-financial risks. There have always been much attention for managing financial risks. Non-financial risks can also lead to large damages. A proper control of these risks can lead to a significant financial benefit. The GRC framework in CERRIX offers an integrated support in managing these risks and remain control.

CERRIX is the “next generation” GRC tool in which all different GRC initiatives are integrated in one application with separate modules. Adequate implementation of this tool is a large step to operational excellence and to meet with all legislation and regulation. For this reason, now is the right time to choose for the CERRIX tool.

If you would like to have more information about our solutions for pensionfunds, please call us on telephone number +31 (0)70 363 77 33, or let us call you back by clicking the "call me back" button on the right menu