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Pensions Caixa 30 FP

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

Pensions Caixa 30 is the employment plan of CaixaBank. Established in 2000 covers the contingencies of retirement, disability and death, and serves as a complement of the public pension system.

The Fund is the largest pension fund in Spain with more than €6.1bn

It is a hybrid scheme.

The DB arrangement covers the contingencies of death and disability, accounts for 25% of the total portfolio and is insured by an inflation-linked insurance contract.

The DC arrangement covers the retirement contingencies, accounts for the remaining 75% of the portfolio invested with a single investment strategy highly diversified across asset classes.

The scheme has 32.180 active members, 11.075 beneficiaries and 4.314 inactive members.

The Board of trustees is the body responsible for overseeing the operations of the pension plan. It is composed of 15 members, 4 on behalf of the sponsor (CaixaBank) an 11 on behalf of the members and beneficiaries and are appointed by union agreement.

The Board of trustees has two subcommittees with delegated functions. On one hand the Governance Subcommittee, that deals with issues related to the fund mission and goals, organization and resources and SRI. On the other hand, the Investment Subcommittee, that deals with issues related to the fund investment strategy, portfolio construction and performance monitoring, including also the integration of ESG aspects to the investment processing. 

The fund investments are managed by VidaCaxa S.A., an insurance company owned by CaixaBank, that acts as a fiduciary manager.

The depository is CecaBank S.A

Willis Towers Watson provides both investment and governance advisory service to both subcommittees

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OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Spain

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

5 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Our fiduciary manager (VidaCaixa) is a PRI signatory. Also, our investments advisor (Willis Towers Watson) and our actuarial advisor (Consultora de Pensiones y Prevision Social) are PRI signatories.

It is essential for us that our fiduciary manager and consultants are aligned with us and remain compromised to the PRI.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

Additionally, a portion of the total fund assets are technical provisions linked to insurance policies (€1.5bn / c.25%), therefore total fund assets add up to € 6,1 bn.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 10-50% 30
Fixed income 0 0 10-50% 45
Private equity 0 0 <10% 9
Property 0 0 <10% 3
Infrastructure 0 0 <10% 4
Commodities 0 0 <10% 3
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 <10% 6
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

We provide Strategic Asset Allocation figures for the 4.5bn assets that are actively managed by the Board of Trustees and the Fiduciary manager


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

89 Developed Markets
10 Emerging Markets
1 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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