Novaster's Principles

Principles

Novaster is a pensions consultancy whose origins go back to the late 1980s. It is independent and deals exclusively and comprehensively with pensions advice, based on the customer's situation, and the standing, reputation, and experience of its team of consultants. Novaster has offices in Madrid, Barcelona and Vitoria, in Spain, and representatives in Latin America (San Jose in Costa Rica, Panama City, and Lima, Peru).

Corporate Governance

Novaster applies corporate governance principles. It has a Code of Ethics which all its partners, employees and collaborators abide by, it agrees with the UN Global Compact, obtaining outstanding annual reports about its compliance, and is a signatory to the UN Principles of Responsible Investment (PRI).

Half of Novaster's Board members are independent, and it has an Advisory Council composed of highly regarded professionals and distinguished people from the world of economics and business.

Team Development and Business Approach

Novaster has particular involvement with training its team, through internal training programmes and professional development. Our vision is one of highly trained and experienced consultants working directly with all our customers. All those responsible for directly assisting the customer have a minimum of seven years of experience in pensions consultancy.

The professional development philosophy is one of maintaining the team and of personal and professional growth. We take on young people whom we train and and they learn the theory and practice of the consultant 's profession with us, with serious and stable career prospects. This allows us to offer reliable levels of service that are of high quality for all our customers.

Our focus on fully personalised assistance, with consultants who over the years have built up an understanding and who respond to the changing needs of our customers, differentiate us as a company which is dedicated to service over the long term.

Proof of this lies in the fact that Novaster is a company with a very low turnover of staff and customers.

Worldwide Scope

Our international purpose is clear, both in terms of direct expansion, with a presence in several Latin American countries, and through the Multinational Group of Actuaries and Consultants (MGAC), a network of independent consultants, to which Novaster belongs.

Novaster and its global partners in MGAC have more than 6,000 employees in more than 35 countries, advise more than 3,000 companies worldwide, including two thirds of the major multinationals that make up the FTSE Global 100 Index.

The professional development philosophy is one of maintaining the team and of personal and professional growth. We take on young people whom we train and and they learn the theory and practice of the consultant 's profession with us, with serious and stable career prospects. This allows us to offer reliable levels of service that are of high quality for all our customers.

The approach of Novaster and its global partners in international consultancy is based on:

  • Effectiveness: Responding to the business objectives of each customer, paying heed to human resources requirements and the competitive environment.
  • Efficiency: Consideration of all aspects and implications of management and financial costs when dealing with the establishment of pension commitments.
  • Appropriateness: Taking into account the national characteristics, legislation, and standard practice of each market, and providing local solutions with a multinational focus.

Novaster and its global partners guarantee proven experience in:

  • Comprehensive policy on social benefits.
  • Design and supervision of pension commitments at the local level.
  • Mergers and acquisitions.
  • Calculation of and accounting arrangements for commitments in accordance with IAS 19 and other local and international accounting regulations.
  • Monitoring of obligations and risks in defined benefit schemes.
  • International financial advice, strategic allocation of assets and quantification and monitoring of risks.
  • Consultancy in Socially Responsible Investment.

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