Risk management

Integrated Risk Management Framework SNPS. SNPS ensures that its business operations are conducted in a controlled and ethical manner and is responsible, in this context, for managing the risks in question.

Integrated risk management control framework

SNPS has set up an integrated risk management control framework the guiding principle of which is to have a control structure that reflects the profile of SNPS and the risks it faces. The framework helps the board structurally identify risks from within the long-term objectives of SNPS and with due consideration of the internal and external environment, and to set up a control structure accordingly. Within this framework, risks and control measures are identified, the impact and likelihood of these risks are determined, and actions are defined to mitigate the risks to the desired level. SNPS assesses the (development of the) risks every quarter, or more often if (market) conditions so warrant, and takes appropriate measures.

The Wtp risk is continuously monitored by the fund. To this end, a project team has been created within the fund (including a project risk matrix), to ensure that the consequences of the Ttp and its implementation are addressed promptly and effectively.

The integrated risk management control framework of SNPS is based on a continuum. This means that the control measures that apply within the administrative bodies of SPN, Achmea Pensioenservices and Achmea Investment Management B.V. are taken as a starting point for the design of the SNPS management organisation. By building on the internal controls of these organisations, properly understanding these control measures, having them independently validated where necessary and actively monitoring them, the SNPS management organisation is set up effectively.

To manage risks as well as possible, it is essential to consider them in their mutually interdependent context. The policy of SNPS is aimed at managing risks in such a way that there is a careful, responsible and balanced weighing up between the risks on the one hand and, on the other, the returns, stability in the premiums, chance of additional payment, efficiency in administration and costs. The board emphasises that some risks can arise differently than estimated and/or expected beforehand, for example as a result of demographic changes, risks of wage inflation and developments on the financial markets.

Embedding sustainability risks in investment decision-making procedures

An important part of the SNPS investment policy is managing investment risks. As part of our Responsible Investment approach, SNPS has guidelines for embedding sustainability risks into its investment decision-making procedures.

But what is a sustainability risk? It is an event or circumstance related to Environmental, Social or Governance (ESG) factors that, if it occurs, could have an actual or potential material negative impact on the value of an investment.

Why is it important for SNPS to apply these procedures?

Because this helps us minimise ESG risks, including sustainability risks. These risks are mitigated by:

Regularly reviewing the portfolio for these (potential) risks.
Acting as an engaged shareholder, through exercising voting rights, engaging in dialogue, and applying exclusions.
Including ESG factors in the manager selection process.

Our investments

Read more about how we invest your pension contributions and our investment vision.

How we invest your pension

We spread the risk. Solely saving up pension contributions is not sufficient to guarantee an inflation-proof pension. That’s why we invest your monthly contribution for you. We do this globally, as long-term investors, in several types of investments. This enables us to be strategic in how we diversify risks. Ultimately, the pension you receive will largely consist of the return on investments.

Sustainable investing and policy SNPS

Investing with positive energy. That is the driving force behind your Shell Pension. But what does that actually mean? How does it work? Find out here.

Investing with positive energy

We invest responsibly. As a long-term investor, we are an engaged shareholder that not only strives for the best return for your pension, but also demands that the companies it invests in act responsibly and are good employers.

Sustainability information SNPS

This information serves... ... to comply with the disclosure requirements under Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (Sustainable Finance Disclosure Regulation; ‘SFDR’) and Commission Delegated Regulation (EU) 2022/1288 (SFDR Regulatory Technical Standards (RTS)).

Sustainable results

We're holding companies accountable. We firmly believe that engagement is the tool to achieve sustainable change. After all, excluding a company and selling the investment simply means giving up your influence. For this reason, we engage in conversations with companies about their policies and the actions they take. In doing so, we generally form a collective with other institutional investors. We believe that active shareholder engagement keeps companies vigilant and encourages them to have a greater focus on sustainability.

Choices for your pension