A platform for success

Too small to handle its hedging programme internally and dissatisfied with the pooled options available, Dutch pension scheme, Volker Wessels, decided the only option was to set-up a platform that would give small funds bespoke liability matching at an off-the-peg price

The changing face of the construction industry has seen Volker Wessels morph from Volker Stevin, a one-man building company established in South Holland in 1854, to a multinational building conglomerate operating in over 150 countries across areas from domestic housing to liquefied natural gas terminals.

Change has not been confined to the parent company - its pension scheme has had three different structures since 2000, moving from a defined benefit (DB) to an hybrid DC scheme in 2001, before