Words from Wiesbaden Following in Amsterdam’s innovative footsteps with the Spezialfonds app The Pension Fund monitor which was developed in
Solvency II requirements. Going forward we shall be
Amsterdam is an example of how innovative we are as
developing this aspect further to be able to provide
a bank. In Germany we believe it is only a matter of time
additional data which could be used to satisfy Solvency II
before the market is saturated with providers ‘apps’,
legislation. The app is not meant to be a replacement for our
therefore we seized the chance to become one of the
proven online reporting tools, rather an app which builds on
first in the German market to develop an application for
them and delivers clients with additional overviews as well as
Spezialfonds. The app is still in beta phase at the moment;
in-depth information on their accounts on-the-go.
however our demo version is inspiring. Our target audiences are insurance companies and Pensionskassen
For clients holding Spezialfonds our ‘traffic-light tool’ which
who hold Spezialfonds and direct holdings.
shows whether their account is within investment guidelines or not will be especially appealing; green meaning the account is within investment guidelines, red meaning guidelines have been breached. This is accompanied by a drill-down function enabling the client to see exactly which securities are causing the breach. Frank Vogel, Managing Director, KAS Bank German Branch explains: “Our Spezialfonds Monitor - also affectionately called ‘Das App’ contributes to the risk management of our clients and this is what is ground-breaking about our app. Other apps in the market simply focus on performance data but we
Frank Vogel,
What makes this app so practical and user-friendly is that
go that step further and offer
Managing Director,
clients will be able to see at a glance all of their holdings with
institutional investors complete
KAS Bank German
KAS BANK, both their Spezialfonds and direct holdings and
transparency into their funds from a
Branch
therefore receive consolidated reporting on their positions as
performance and compliance
a whole. Data can be extrapolated and manipulated as
perspective.”
clients wish; viewing holdings by asset, country, date or currency for example. The development of the NAV and risk figures can also be viewed as well as performance indicators such as attribution figures. General fund information can naturally also be found on the app, for example the ISIN, WKN, management fees and the TER. All this data is extremely advantageous to our insurance clients who could use this information as a basis for
KAS Selections • February 2012
19