In partnership with Netcompany, we are proud to deliver the core IT-platform for administering the pension savings of 500,000 members of the Danish pension fund LD Fonde, based on Keylane’s pension administration platform Plexus.
“Netcompany will manage pension savings for members of LD Fonde
This means pension savings for 500,000 members with a total wealth of DKK 30 billion DKK in Lønmodtagernes Dyrtidsmidler. Netcompany will be responsible for pension accounts, disbursements and customer service in close cooperation with Keylane, which will be delivering the core pension platform.
Major successful projects for both public and private companies document Net-company’s competencies in optimising IT infrastructure and digitalisation across solution components. These are skills that are also important to LD Fonde and our reason for choosing Netcompany.
Modern standard solutions are also essential to us. Keylane is recognised in the pension industry for their standard Plexus platform, which provides both computational functionality and automated business processes, as well as standard integrations for e.g. tax, NemKonto, Pensionsinfo and digital customer platforms.
The partnership between Netcompany and Keylane already works in relation to other customers in the pension industry.
”Our investment in this new collaboration will provide us with a solution that is modern and robust in terms of meeting new requirements within digitalisation, IT security and data protection. It is also of high value that this cooperation will ensure significant savings in our fixed operating costs,” says Else Nyvang, CCO at LD Fonde.
This new deal is the result of a public tender, where Netcompany and Keylane in partnership introduced the most economically advantageous offer with the best price-quality ratio. In the coming months, FDC, which is currently responsible for the member administration of LF Fonde, will help prepare the transfer of the administration so that responsibility can pass to Netcompany in August 2021.”
About LD Fonde
LD Fonde was founded by the Danish parliament at the end of the 1970s with the objective of managing Denmark’s “frozen cost-of-living allowances”. With the new Holidays Act in 202 and the creation of the new fund, Lønmodtagernes Feriemidler, LD Fonde manages two separate funds. A lump sum is paid when a member reaches the retirement age and leaves the workforce permanently (or when a member reaches the age of 60). For more info visit www.ld.dk