NETHERLANDS - The €400m Dutch scheme of the Swedish hygiene goods and paper multinational Svenska Cellulosa Aktiebolaget (SCA) is contemplating fiduciary management, IPE has learned.

Rob Oosterveld, chairman of the Dutch SCA pension fund, told IPE he expects his fund's current talks with various unnamed fiduciary managers to yield results in the coming three months.

"We are looking for expertise via fiduciary management," he told IPE in an interview this morning, adding that his fund is being advised by Dutch consultant Anton van Nunen.

According to Oosterveld, SCA, a maker of well-known brands such as Velvet and Bodyform, has contemplated asset pooling in a pan-European vehicle in for instance Belgium or Luxembourg as well, but decided it is "too small" for such a move.

SCA would be the latest among the growing number of Dutch funds taking the fiduciary management trail, whereby a fund outsources its entire management.

Bpf Meubel, the €1.5bn pension fund for the furnishings industry, expects to appoint a fiduciary manager in the following months, while TNO, the €2bn pension fund of the applied scientific research institute, last month appointed BlackRock as its fiduciary manager.

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