Lumera, a leading insurtech company dedicated to the digital transformation of the Life and Pensions industry, announces the successful implementation of a new policy administration solution for the Stichting Pensioenfonds Wolters Kluwer Nederland (SPWKN).
SPWKN is a pension fund for Dutch employees and pensioners of Wolters Kluwer (EURONEXT: WKL), a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. The fund has a total of about 7,400 participants and assets under management of €1.0 billion.This investment by SWPKN is part of a key modernization initiative for more efficient pensions administration while enabling new digital services for the benefit of participants. The new solution will also support adoption of the legislation which entails far-reaching changes to the Netherlands pension system, which has a major impact on pension funds. “We had a need to update our administration platform and would have made this decision regardless of the new pension scheme. The transition ahead only made this more urgent,” says Krista Nauta, director of SPWKN.