Netcompany is to manage pension savings for members of LD Pensions

Nyhed Friday, May 1, 2020 The Cost-of-Living Allowance Fund
This concerns the pension savings of 500,000 members, with total assets of DKK 30 billion in The Cost-of-Living Allowance Fund. Netcompany will be responsible for pension accounts, payouts and customer service, working closely with Keylane, which provides the core pension system.

Major successful projects for both public and private sector organisations demonstrate Netcompany’s expertise in optimising IT infrastructure and digitising across solution components. And it is this expertise that was also a key factor in LD Pensions’ decision to choose Netcompany.

It is also important that these are modern, standardised solutions. Keylane is recognised in the pensions sector for its standard platform, Plexus, which provides both calculation functionality and automated business processes, as well as standard integrations with, for example, the Danish Tax Agency, NemKonto, Pensionsinfo and digital customer platforms.

The partnership between Netcompany and Keylane is already in place for other clients in the pensions sector.

Else Nyvang - Foto: Henrik Brus

Our investment in this new partnership provides us with a solution that is modernised and robust in the face of new requirements in the areas of digitalisation, IT security and data protection. It is also of great value to us that the partnership enables us to achieve significant savings on our fixed operating costs.

Else Nyvang

Head of Client Relations in LD Pensions

The new agreement follows a public tender process in which the partnership between Netcompany and Keylane submitted the most economically advantageous tender, offering the best value for money. In the coming period, FDC, which is currently responsible for managing membership of the cost-of-living allowance funds, will assist in preparing the handover of administrative responsibilities so that these can be transferred to Netcompany in August 2021.