The prestigious organization Investment & Pensions Europe (IPE) has distinguished Banco Sabadell and its entity in charge of managing pension funds, BanSabadell Pensiones, in the annual IPE Awards gala. These awards, which were awarded in Madrid on December 2, are dedicated to distinguishing good practices in employment pension funds in Europe.
The Spanish financial institution has stood out in three categories. GM Pensions, the Banco Sabadell employee fund, has won two awards: the award for the best defined contribution fund in Europe and, in national matters, the award for the best occupational pension fund in Spain. This award is given in each country to plans with best governance, management and profitability practices. Regarding the Banco Sabadell product, the judges highlighted the structure and the fulfillment of the income and return expectations of this investment option, which has had a profitability of 10.6% APR in the last 12 months. GM Pensions also include the effort to implement sustainable investment and the fight against climate change. They also valued the good historical results of the fund, which is one of the most profitable in Spain, and, in terms of customer service, they highlighted the advisory and financial planning service. In addition, this fund was a finalist in the category of the best occupational pension fund in Europe, in competition with 330 funds from 23 countries.
The Dupont Employee Fund, also managed by BanSabadell Pensiones, was the winner of the third prize of the night of IPE Awards for Banco Sabadell. It received the Best European Employment Fund Award from Active Strategy, which highlights active investment management, its governance model and best practices. This fund received an express mention from the jury, which highlighted the innovation and consolidation of the Lifecycle, a pioneering fund management model in Spain.
The risk of this fund is adapted depending on the investor as the retirement date approaches. This model has had good average annual returns in recent years, with 6.6% for the growth fund and 2.5% for the fund aimed at preservation.
The recognition of Banco Sabadell funds shows the broad management capacity of the bank both nationally and internationally. In addition to the funds for employees, BanSabadell Vida y Pensiones has implemented the Life Cycle management model in provisional savings solutions, both in individual pension plans and in joint promotion employment plans for small and medium-sized companies and in group retirement plans.
Banco Sabadell’s individual pension plans were the first to contemplate, in addition to the time horizon, the customer’s risk profile to best suit your needs. This factor has allowed six of the pension plans marketed by Banco Sabadell to rank at the top of Inverco’s ‘rankings’ of mixed fixed income and mixed variable income: Sabadell Plan Futuro 2040 Balanced, Sabadell Plan Futuro 2030 Dinamico, Sabadell Future Plan 2035 Balanced, Sabadell Future Plan 2030 Balanced, Sabadell Future Plan 2040 Dynamic and Sabadell Future 2035 Dynamic.