Shell Pension wins Innovation Award
The SNPS Collective Variable Pension (CVP) wins 2nd prize at Innovation Awards. SNPS received the Innovation Award for the ingenious design of its CVP pension scheme.
CVP is regarded as the Dutch retirement plan of the future
The scheme seamlessly matches the principles of the new pension system. Shell Pension is therefore delighted with this fantastic award!
What makes CVP such a unique scheme?
We also invest the pension after the retirement age. In other words, participants still benefit from the profits even after they retire and purchasing power can be compensated. Naturally, there is a chance that benefit payments can go down from time to time. At the same time, risks are shared among all participants and results are spread over 5 years, watch the video below. This way we can reduce the risk of a major shock in the pension.
What are the Innovation Awards?
The Innovation Awards are an initiative of pension trade journal Pensions & Investments. The award ceremony took place during the annual (digital this year) World Pension Summit. SNPS was nominated for an award together with SBZ Pension Fund and our administrator Achmea Pension Services.
Watch the video about spreading of results