Which services are included in the business management mandate?
Under the most comprehensive mandate we offer, the foundation board fully outsources its business management functions to VZ. This allows the board to focus fully on its role as the foundation’s decision-making committee. This means the company no longer has to carry out a wide range of administrative tasks and because the pension fund is managed more efficiently, costs are lower. In addition to the organisational, commercial and technical business management activities, the full mandate also includes controlling as well as additional services for active members and retirees. Thanks to the informative periodic controlling reports we provide, the foundation board is at all times aware of the fund’s financial position.