The FINANCIAL — Accenture has been selected following a competitive procurement process by ERAFP (Etablissement de Retraite Additionnelle de la Fonction Publique), a public pension fund for French civil servants, to provide management consulting services to support the organization’s development and growth objectives.
Accenture will conduct a benchmark assessment of ERAFP’s structure and procedures compared with those of similar organizations in France and other countries and formulate proposals and prepare an implementation guide to help the organization prosper and grow in the rapidly-changing pension market. Accenture is among the leading global companies helping public sector pension funds enhance their organizational structures and modernize processes and technology systems, according to Accenture.
“Accenture was selected based on its deep expertise and capabilities to help public pension organizations evolve and adapt to new circumstances and its broad knowledge of the pensions market and reform issues across Europe,” said Philippe Desfosses, CEO of ERAFP. “ERAFP should be a major contributor to the transformation of public pension organizations to leverage new technologies and leading-edge management approaches, and this project will help us advance toward that goal.”
A new law enabling the French public pension fund to invest its holdings more broadly and other reform currents led ERAFP to embark on the project.