Conac is an independent organisation of consulting actuaries, consultants and pension specialists, with as only activity providing services to IORP's.The most important services are :

• Consulting
• Actuarial consulting
• Pension administration and communication
• Accounting and reporting
• ALM and asset consulting

Conac currently employs approximately 40 members of staff in the centre of Brussels, who are daily involved in the provision of services to pension funds.

Conac is the Belgian partner of the Global Abelica network, wich is represented in over 30 countries and accounts for more then 2000 members of staff in Employee Benefits.

For reasons of corporate governance, Conac has decided not to offer legal advice, either at a socio-judicial level or a fiscal one. For these services Conac appeals to consultants who whave been appointed by the client.

• public and private sector
• various sectors : basic materials, chemistry, consumption goods, financial, food and drinks, industry, media, technological, pharmacy, telecom
• 40 clients, mainly large or global enterprises
• Employee range in a target IORP typically between 500 and 30.000 employees.

• 2 IORP's in 6 countries

• IORP for mid sized companies

The IORP's such as many organisations in today's environment - are submitted to heavy corporate governance obligations supervised by the regulator.

In order to offer services that correspond to these governance requirements most business services of Conac are externally certified, such as

• Regulatory compliance
• New client implementation
• Record keeping
• benefit processing
• Actuarial calculation
• Pension payroll
• Accounting
• Legal reporting
• Statutory administration

These business processes are supported by certified IT processess such as :

• Physical security
• Logical access
• Backup & recovery
• Incident management
• Change management
• Release management

By bundling the provison of services through processes wich are linked to each other and are the subject of a certification, a considerable amount of time is saved, together with an increase in continuity and the decrease in expenses connected to the implementation of governance as mentioned in the CPP-2007-2-WIBP note on the prudential expectations of the FSMA.

In order to even further reduce the cost to the management of an IORP, while keeping transparancy in administration, accounting, investement and reinsurance Conac did create the multi-employer pension fund "Pension & Co"