Pension System – Page 308
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Interviews
YouTube not yet the communication star
On The Record How do you communicate with members?
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FeaturesMilitary timing softens crisis blow
Reeta Paakkinen spoke to Caner Öner, senior adviser at Oyak, the €5.6bn Turkish military pension fund
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Features
Follow your members
Social media is boosting communication between pension funds and members, and among members themselves, says Gail Moss
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Features
PP Pension: Steady as she goes
The €796m PP Pension fund is known for consistently producing excellent returns. But after a recent dip in performance, the newly appointed CEO Viveka Ekberg (pictured) and CIO Cecelia Thomasson Blomquist aim to re-establish the fund’s good returns without compromising on its winning philosophy, writes Pirkko Juntunen
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News
Nominal GDP swaps 'could be key to DC guarantee'
[16:20 CET 14-01] EUROPE – Officials at the Bank of Italy have been working on a proposal to create a public swap-based return guarantee for members of defined contribution funds.
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News
Ten confirmed to join Swiss Ascoop fund
[16:50 CET 18-12] SWITZERLAND – The Ascoop spin-off fund to be created next year will be named Symova and will initially see 10 companies join it.
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News
Pensions threatened by six-hour daily longevity increase
GLOBAL - People are gaining on average six hours per day in life expectancy, which dramatically highlights the need for pensions solutions, delegates were told at an IPE Awards Seminar keynote speech on living with longevity.
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News
OECD calls on Ireland to shift public sector pensions to DC
[15:30 CET 05-11] IRELAND – Ireland could reduce its budget deficit by introducing a combination of “major reforms” to public sector pensions, according to the OECD. These could include moving new entrants to a defined contribution (DC) scheme rather than adding them to existing defined benefit plans.
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News
Auto-enrolment could boost UK DC assets to £900bn
[14:30 CEST 23-10] UK – The planned introduction of auto-enrolment in UK pensions could increase defined contribution (DC) assets from £600bn (€654bn) to as much as £900bn by 2050, according to the Pensions Policy Institute (PPI).
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News
Netherlands tops Mercer poll of pension regimes
[16:15 CEST 15-10] GLOBAL - The Netherlands has come out top in a new global index rating pension systems which assesses the adequacy, sustainability and integrity of regimes, closely followed by Australia and then Sweden.
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News
Six UK DC schemes hit pension quality mark
[13:20 CEST 15-10] UK - Six more UK defined contribution (DC) schemes have been awarded the new Pension Quality Mark by the National Association of Pension Funds (NAPF).
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News
Today’s babies to become 100 year-old pensioners
[15:00 CEST 05-10] GLOBAL - A new longevity study has predicted that most babies born today will live to celebrate their 100th birthdays in many industrialised countries.
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News
Two-thirds of UK workforce ‘unpensioned’ - TUC
[17:35 CEST 14-09] UK - Coverage of defined contribution (DC) schemes is not growing fast enough to fill the gap left by the continuing closure of defined benefit (DB) schemes, leaving two-thirds of the private sector workforce without a pension, according to data from the Trades Union Congress (TUC).
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News
Ulster and RBS salary cap plans ignite unions
[17:15 CEST 26-08] UK – Planned changes by Ulster Bank and its parent company Royal Bank of Scotland to its defined benefit (DB) schemes, such as capping pensionable salary at 2% or the rate of inflation have met with resistance from trade unions.
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News
Dutch retirement age should be 68 - economist
[16:50 CEST 26-08] NETHERLANDS - An economist has claimed the official retirement age for the state pension AOW should be raised beyond the government’s proposed retirement age of 67 and by an extra year to 68, to meet growing life expectancy in the Netherlands.
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News
Levensloop deposits fall 7% (updated)
[16:00 CEST 19-08] NETHERLANDS - Dutch workers paid 7% less into their tax-friendly ‘levensloop’ or life course saving plans in 2008, latest figures reveal.
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News
Irish funds rose 6% in July
[16:40 CEST 06-08] IRELAND – Irish managed funds reported a positive performance for the fifth month in a row, after they returned of 6% in July.
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News
AIB aggregate deficit exceeds €1.2bn
[15:00 CEST 05-09] IRELAND – The pensions deficit of Allied Irish Banks (AIB) - one of the institutions recapitalised by the National Pension Reserve Fund (NPRF) - rose by more than €150m in the first half of 2009, to €1.26bn.
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News
Third pillar growth unbroken by crisis
[16:15 CEST 31-07] GERMANY/AUSTRIA – Interest in third pillar savings funds has remained high even through the financial crisis, according to both the German investment association BVI and the Austrian regulator FMA.
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News
Research claims UK adults expect to retire past 70
[16:45 CEST 23-07] UK – Less than half of workers expect to be able to retire before the age of 70, while 69% of those already aged over 65 do not know when they will be able to start retirement, Barings Asset Management has claimed.