Dutch federation launches campaign to restore confidence in pensions

first_imgThe Dutch Pensions Federation is to actively seek the media’s attention to improve the sector’s image among the general public.In its 2015 annual report, it said its specially designed media plan would help restore pension-fund participants’ confidence and garner support for a collective pensions system.The industry group said it wanted to focus initially on a new pensions system and responsible investment.Bram van Els, a spokesman for the federation, said: “New themes still must be determined and will partly depend on topical matters. “I could imagine we would also underline the issue of rights cuts, if pension funds’ current financial position fails to improve soon.”According to Van Els, the federation wants to account for schemes’ activities and clear up misunderstandings that have contributed to insufficient confidence in the sector.“We recognise people are disappointed because of modest results, as they had always believed their future pensions were safe,” he said. “They need, however, to get used to the fact their pensions are not guaranteed.”Van Els said the industry group wanted to convey its message in particular through large national newspapers and television.“Social media such as Twitter are less suited, as the subjects are often too complicated for a brief explanation,” he said.In its annual report, the federation also made clear that it expected to have completed an update of the uniform pensions statement (UPO) no later than August.The new statement will be more concise and include information that is comparable and capable of being added to UPOs issued by previous employers.The application of icons used in the ‘Pensions 1-2-3’ – a layered account of companies’ specific pension arrangements – is meant to improve the clarity of the new UPO.The new statement, which shows accrued rights for old age, surviving relatives and work-disability pensions, must be used as of 1 January 2017.The new UPO, however, is no longer required to show the expected pensions level at retirement, as this information is to be shown with the national tracking system, the Pensions Register.The Pensions Federation represents approximately 220 pension funds with combined assets of €1.2trn, 5.3m workers, 3m pensioners and 9.1m deferred members.last_img read more

Ambusley declares win as birthday gift to daughter

first_imgWESTERN BUREAU:Montego Bay United FC captain Dwayne Ambusley netted his first goal for almost three seasons and only his second goal for the club, as they eased past Tivoli Gardens FC 2-0 in Monday night’s Red Stripe Premier League football fixture at Montego Bay Sports Complex.Afterwards, he dedicated the victory to his daughter, Shanice, who was celebrating her birthday, noting that he had promised something special and the goal was a fitting gift.”I am delighted with the win because I kept my promise to my daughter to score tonight and get the win,” the midfielder said.”It is my first goal in about three years so it’s special on that account. But the most important thing is that we won tonight,” added Ambusley.The win lifted the former champions level to the top on 37 points with Portmore United and two clear of defending champions Arnett Gardens FC.Ambusley’s goal, which gave his team a 12th minute lead, was rather fortuitous, as his intended cross swerved away from Tivoli’s goalkeeper Edsel Scott and into the upper far corner of the goalgoalscoring formMercurial striker Dino Williams also continued his fine goalscoring form, when he scored in the 28th minute in a dominant first half of football from the home side, in front of a partisan crowd.Ambusley said they were determined to get the victory and heaped praise on Williams for his role in the team’s success so far this season.”We talked about it before the game that we needed to win this one and that Dino keeps scoring and it worked out that way. As team captain, I can’t ask for nothing more.”MoBay’s goalkeeper had a relatively quiet night between the posts, but was called to duty with a superb one-handed save to deny Jamoy Sibbles an equaliser at the 18th minute.Williams was netting his League-leading 14th goal for the season, but the hard-running striker was taken off in second half action because of a lingering hamstring problem.Tivoli’s coach, Christopher Bender, said his side’s struggle will have to be addressed with additional talent in the transfer window.”We are not playing with enough confidence at the moment and of course the team missed Junior Flemmings greatly. He brings a certain calmness to the team and that was lacking tonight,” Bender reasoned.”There still a way to go in this up and down season for us, but we’re hoping to get some wins and stay away from trouble,” he said.Tivoli, following their 10th loss this season, lie 10th in the 12-team standings and have a woeful defensive record, having shipped a league leading 28 goals in 19 matches.last_img read more