1. Who is Vidanova Pension Fund Foundation ?
Foundation April 25th, 1968 (44 years track record);
Started in 1968 with 8 and in sponsors on Curaçao, Sint Maarten, Saba, Sint Eustatius, Bonaire, Aruba and Suriname;
Sponsors and participants are represented in Board;
Collective pension plans 12: 4 DB (FP/AP) and 8 DC (Premium varies: 6%-16%);
Disability and Survivors Risks covered through Reinsurer Alhermij (SwissRe);
Currently VPM is administers the RBTT pension fund;
Operations up to 2006, 5 employees increased to 6 in 2007 and 8 in 2008;
Fully Integrated administration (participants, actuarial, payroll, financial, securities);
ISO 9001 – 2008 certified since Current certificate valid until 2014;
Compliant with pension fund ordinance PB 1985 no.44;
Pension fund governance compliance scan from level 3 in 2003 to level 4,3 in 2010;
Assets 1968: US$ million increased to US$. 373 million per 31/12/2011;
Liabilities 1968: US$.2,51 million increased to 338 million per 31/12/2011;
Total participants (active and not active) in 1968: 421 per 31/12/2011: 3675;
Solvency (asset to coverage) ratio 2011 =>113,5 %;
All Pension plans are completely financed yearly.
Prudent mortality tables GBM/GBV with 1 year age deduction;
Long Term Net Fund Returns over 44 years: 7,4% on average;
Long term average indexation % per year (period 1971 – 2011) is: 2,74%;
Website: (

2. VISION and GOALS
Vidanova is committed with its clients. Their pension interest combined with our commitment forms an optimal basis for a transparent and quality service
Realize consistent and managed growth while at the same time guaranteeing efficiency and quality services
Form strategic alliances that add value with commercial institutions and institutional investors

3. CORE VALUES Professional and Meticulous Accessible and Involved
Motivated and Innovative
Efficient and Result oriented
Independent and Transparent
Client and Service Driven

4. of supervisory directors
GOVERNANCE STRUCTURE
Since 2002
Central
Bank of
Curaçao and
Sint Maarten
Sponsors
and
Participants
BOARD
of supervisory directors
17 members
Board of Managing Directors
3 members
VPM
Operations
Staff 8

5. Pension Management Foundation
VIDANOVA
Pension Management Foundation
Executive Director
Manager Business Unit
Pensions
Coordinator
Pensions & Payroll
Advisor Pensions
Finance
Receptionist / Archive
Collaborator
Collaborator Finance & Payroll
Coordinator Finance
Advisors
Financial / Investments / Legal / ICT

6. Pension Fund Governance Development

7. Important FACTS 1 Collective Pension Plans from 1 to 12 in total
Risks (disability and Survivors) covered through Reinsurer Alhermij / Elips
VPM administers RBTT Pension Fund
Fully Integrated administration

8. Important FACTS 2 ISO 9001certified since 1998
Compliant with PB 1985 no. 44
Pension Fund governance compliance scan score level 3 in to level 4,3 in 2010

9. Note: All policy documents are updated on a regular basis
Vidanova Policies
Code of Conduct
5 year Business Plans
Quality Handbook & Process descriptions
5 year budget with performance indicators
ABTN (actuarial business plan)
Pension Fund Governance policy and scan
ICT Information Plan
Risk Assessment Paper
Asset Liability Management Studies
Communication Plan
Asset Allocation Studies
Quality Management System
Investment Policy (local & international)
Note: All policy documents are updated on a regular basis

10. VIDANOVA’S STRATEGIC PARTNERSHIPS
RBTT Bank
Commercial Banking
ASKA
Insurance NV
Investment
Manager/ Fund
Custodian
BNY Mellon
LT Financing
Funds
LCG Associates
Global Investment
Advisors
Other
Pension Funds
IFS
Real Estate
Fund
Project
Development
VIDANOVA
VIDANOVA’S STRATEGIC PARTNERSHIPS

11. ISO 9001 – 2008 Certificate

12. Participants Development

13. Sponsors & Pension Plans

14. Balance Sheet Development 1968 - 2011

15. ASSETS
1968
2011
ANG 4.8
ANG 673
LIABILITIES
1968
2011
ANG 4.5
ANG 602

16. Invested Asset (Local and International)

17. Investments Asset Allocation

18. 113,5 % SOLVENCY 2011 Asset to Liability Ratio
Vidanova never had underfunding since inception in 1968!

19. LONG TERM NET FUND RETURN
7.4 %
over 44 years ( )

20. LONG TERM AVERAGE INDEXATION
2.74 %
per year

21. Premium & Pension Prognosis

22. How Vidanova adds value?
By distributing all net fund returns to clients;
By improving pension arrangements as we grow stronger;
Through its indexation policy for actives / non actives;
By continuously focusing on improving efficiency cost as % of total cost and our service (timely and accurate);
Through reinsurance contracts for risk coverage;
Through strategic alliances with commercial partners;
By providing an Employers and Participants Interface and a pension planner;
By investing in the local economies which help create jobs and stimulates economic growth;
Sponsors and participants have equal say in the funds board and policies;
By yearly providing timely and accurate pension statements and transparent reporting of the funds performance.