Voting for your pension fund investments

The Solution of OVSoftware for the challenge of APG

WINNING TEAM: OVSOFTWARE

THE CHALLENGE

Create Value Before Retirement

So far, pension service providers have only visibly added value for their customers after retirement, when these receive a monthly pension. As the largest pension service provider in the Netherlands and one of the largest worldwide, APG possesses an enormous amount of knowledge and data-driven insight relating to financial planning.

APG is in the process of reinventing itself and invites you to find new ways of creating value for participants before they retire. You may use a greenfield approach or let yourself be inspired by the ambitions and goals for 2020 (Maximizing Pension Value) and 2025 (To control your financial future, you naturally go to APG).

SOLUTION

#odysseyhack

Voting for your pension fund investments

Your pension fund or pension service provider invests your pension premium. Currently, you do not have a say in which causes they invest. With the solution of the OVSoftware team, you get to invest in (and choose) the world you want to live in when you retire.

As a pension fund participant you get 100 retirement coins (RETI) a month, which function as voting rights. As soon as a certain purpose has enough votes (coins), the pension fund will invest in this purpose.

As you receive badges for being a voter, you can create a community around a certain purpose, teaming up with like-minded people, engaging and enthusing your colleagues to use their coins to vote for this purpose.

By using blockchain technology, you yourself can track the coins to be sure the pension service provider invested in ‘your’ cause. The team used blockchain to make a smart contract that creates a transparent and irrevocable vote which guarantees investments in those goals that you voted for. The solution also makes sure the data and the voting system is not owned by the pension fund and ensures the scalability of the system beyond one pension service provider.

Help this solution scale by becoming part of its supporting ecosystem.
Connect with the team via our community platform.