Repsol II pension fund is the investment vehicle of the Multiemployer Pension Plan of a number of Repsol Group companies in Spain. It is a DC scheme and has 12,676 members and 1,482 beneficiaries at the reporting date.
The Control Committee is the body responsible for overseeing the operations of the pension fund. The Control Committee has an Investment Subcommittee with delegated functions. The Investment Subcommittee deals with issues related to the fund investment strategy, portfolio construction, performance monitoring and SRI.
The fund investments are managed by Gestión de Previsión y Pensiones, a pensions asset manager owned by BBVA, that acts as a fiduciary manager.