- Dutch Pensioenfonds Zorg en Welzijn (PFZW) has announced it has invested in the Alkmaar company SCW for a second time.

This company is the first in the world to convert organic waste streams such as sewage sludge, manure, organic waste and also difficult-to-degrade waste such as plastic, into green gas and green hydrogen. The gas produced is delivered directly to Gasunie, which uses it to heat homes. In 2019, PFZW was the first major investor to partner with SCW.

“SCW is making a significant contribution to making our country's energy supply more sustainable. This investment is part of a new PFZW fund that will make €2bn of pension money available in the coming years for investment in solutions in the field of climate and energy transition in the Netherlands in particular,” PFZW stated.

- The Italian retirement scheme, Ente di Previdenza dei Periti Industriali e dei Periti Industriali Laureati (EPPI), for the industrial sector, has appointed BNP Paribas’ Securities Services business to provide depositary bank services for their assers representing €2bn.

Established in 1997 following the Italian Legislative Decree 103/96, EPPI manages the mandatory retirement scheme of its 13,000 registered members. Following its successful selection by EPPI as part of a tender launched in October 2023, BNP Paribas’ Securities Services business has been reappointed as depositary bank for a period of four years, extendable for an additional four years.

- The Royal Mail Statutory Pension Scheme (RMSPS) will continue to be administered by Capita plc, following the renewal of its contract with the cabinet office for six years from 2026, with an option to extend for a further two years.

Capita was reappointed following a competitive selection process. As part of the deal, which is worth £48m over eight years, Capita will continue to provide services for more than 350,000 RMSPS members while moving delivery to a single platform, utilising Microsoft Dynamics and other hyperscalers to enhance digital capabilities that will be integrated into Capita’s existing software solution. 

Capita has administered the RMSPS since 2017 and in that time has delivered services including finance, accounting and taxation administration, pension payroll and reporting and data analysis and management.

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