In January 2017, the Control Committee of Pensions Caixa 30, F.P. approved a new definition of the Characteristics and Objectives set out in its Statement of Investment Policy Principles.
Characteristics of the Plan
Given the technical characteristics of the Plan, in terms of its modality, the coverage of retirement benefits is implemented through a defined contribution financial system, subject to the management of the Fund and the returns obtained by it.
Fundamental mission of Pensions Caixa 30
- Pensions Caixa 30, F.P., as a Pension Fund which includes only the CaixaBank, S.A. Employment Pension Plan, has the fundamental mission of responding to the needs and objectives of its Participants and Beneficiaries as a whole in order to provide pensions that adequately complement those of the public system.
- The achievement of these objectives must be done in a responsible and sustainable manner over time by all the agents involved (Control Committee, Sub-Committees, Management Company, Depositary and Consultants) in the running of the Pension Fund.
Pensions Caixa 30 Investment Objective
- The investment objective of the Pension Fund is to achieve an annual return (measured on an annualised basis over 5 years) in line with the 3-month Euribor + 2.75%.
- The level of risk associated with this objective should be in the region of 10% (measured through annual volatility).
- An annual volatility of 10% would equate to a risk profile of 4 on the CNMV scale, which measures risk in Investment Funds (ranging from 1 for funds with a lower risk profile to 7 for those at the opposite end of the scale).
- This investment objective should be understood exclusively as a reference point for action, and under no circumstances should it be interpreted as a collective or individual commitment of participants and beneficiaries, whose rights and future development will ultimately also depend on their particular characteristics.
- Failure to achieve this objective will not imply a breach of the Fund’s Investment Policy.