Objective, mission, vision and strategy

Stichting Pensioenfonds Wolters Kluwer Nederland (hereinafter: 'the Fund') has determined an objective, mission, vision and strategy.

Objective

In its objective, the Fund indicates its raison d'être and the goal it pursues.
The objective of the Fund is, to provide for now and for the future pension entitlements and pension rights and to pay out the pensions to its participants¹,  while striving to maintain the value of the pension entitlements and pension rights (conditional: to the extent that the resources of the Fund permit this, and depending on the degree of cover).

Mission

The mission statement describes what the Fund stands for and which values and identity characterise the Fund. 
The Fund wants to implement the pension agreement, that Wolters Kluwer Holding Nederland B.V.² ('the Employer') concluded with its current and former staff, in the best possible way. The implementation must be effected in a correct, balanced, transparent, risk-aware, socially responsable and efficient way.
The Fund wants to be a sustainable and reliable pension fund that can live up to its ambitions and obligations toward its participants, now and in the future

Vision

The vision describes what the Fund aims for and what underlies its actions. 
Due to the new pension agreement and the associated system changes, the future of the pension landscape is uncertain. What is certain, however, is that accruing a good pension remains as important as ever for the Fund's participants. Stichting Pensioenfonds Wolters Kluwer Nederland therefore wants to be ready for the future, regardless of how the pension landscape develops. This means that the Fund wants to be a professional, efficient and flexible pension fund that is able to respond quickly to changes and act in a timely manner to safeguard the long-term interests of its participants.
A solvent and stable financial position and providing a contribution to a positive social impact are essential to the confidence in the Fund. Therefore, Stichting Pensioenfonds Wolters Kluwer Nederland pursues a transparent, responsible and simple investment policy that emphasizes sustainability. 

The Fund wants to be client-focused and close to its participants. The Fund achieves transparency toward and involvement with its participants by structuring its communication in such a way that it actually helps its participants and the employer to make the right pension choices and provides the best possible understanding of the risks (including the degree of indexation and any reductions of accrued and future pension entitlements and pension rights) and current and future purchasing power. The board seeks to create the greatest added value for the stakeholders and constantly monitors the Fund’s continuity.

Strategy

The strategy concerns how the Fund intends to achieve its goal, mission and vision, which resources it intends to deploy to that end and how. 
To implement the objective, mission and vision and of Stichting Pensioenfonds Wolters Kluwer Nederland, the Board - as part of the periodic management and planning cycles - strives for a solid and professional policy, in accordance with laws, regulations, and the Code of the Dutch Pension Funds. Important elements of the strategy include the investment policy, the management of the execution and asset-management costs, the premium policy, the surcharges and reduction policy, the participation of all interested parties in the decision-making, the principles of good pension fund management, and a sound risk management and communication policy. The Board shall review periodically whether the results and its conduct are in accordance with the Fund's objective, mission, vision, and strategy, and will be accountable for this. External service parties will be chosen carefully, and reviewed regularly.

In view of the many practical or other uncertainties and choices yet to be made regarding the pension agreement, the board believes that it is not desirable at this time to speculate on one specific and sustainable preferred scenario or situation in the future. An analysis of the strengths and weaknesses of the current situation, combined with an analysis of the various implementation forms, has led to the strategic choice of maintaining the company pension fund for the time being. Adjusting the management model or implementation model is therefore not desirable at this moment. The board currently also sees no reason to drastically revise the strategic investment policy.

As soon as more insight is gained into any changed agreements between the social partners or any new legislation and regulations, the Fund will reconsider its future-proofing and management and administration model. To give structure to the discussion about future-proofing the Fund, it will set up a project team with the employer and social partners to jointly address the consequences of the new pension agreement. By identifying the changes of the new pension agreement in good time, the Fund wants to be well prepared to implement the changes of a possible system change in a timely, effective and efficient manner. 

1 Participants are defined as active (employees) and former members and pensioners.
2 ‘Wolters Kluwer Holding Nederland B.V.’ means: Wolters Kluwer Holding Nederland B.V. and its affiliates that fall within the scope of the implementing agreement entered between the Fund and the employer.

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Contact

Postbus 23
7400 GA  Deventer
Nederland

Tel. 0570-648081
pensioenfonds@wolterskluwer.com
www.pensioen-wk.nl