Dutch pensions industry warns of FTK’s impact on indexation

first_imgIt also pointed out that other elements of pension plans, including contribution levels, the distribution of possible benefit cuts and risks within the investment policy, should be taken into account as well.Pension funds, it said, should be allowed to tackle those elements in a way that best suits them, and calculations of the impact of the new regulations should be made for individual pension funds to see whether their concerns are warranted.ABP, the country’s largest pension fund, said it was still worried about the limited options in the nFTK for indexation of pensions to keep up with inflation.It said it aimed to provide pension benefits that kept pace with the average salary developments in the public and education sectors, although it has yet to calculate the implications of the new rules for its participants, it said.Senior citizen interest groups have also expressed concerns about the limited possibilities for indexation.According to one such organisation, ANBO, the new rules “limit the possibility pensions will be raised to keep up with rising prices”.It added: “It will also become harder to make up for lost indexation incurred in the past.”ANBO director Liane van der Haan said: “Millions of Dutch citizens have seen the buying power of their pensions decrease by 12% over the past six years. In addition, dozens of pension funds have had to cut benefits.“Now the chance of indexation will be further decreased because state secretary Jetta Klijnsma is raising the capital buffer requirements.”The only certainty Klijnsma can offer with the current draft legislation is that younger participants will certainly face lower pensions, and seniors will have less buying power, according to two other senior groups, KNVG and NVOG.Leo Witkamp, director at PNO Media pension fund, criticised the solvency buffer requirements at the annual FD Pension Pro IPN conference last week.He said the nFTK had taken a wrong turn and that, in its current form, it would lead to unchecked buffer accumulation.Regarding the required buffer level, an explanatory note attached to the draft legislation states that the capital requirement will increase from 21.7% to 26.6% on average.Pension funds will not be allowed to grant indexation unless they have a funding ratio of 110% or higher. The Dutch Pensions Federation has said it is pleased pension funds will be given more time to implement the country’s new financial framework regulations but worried the new rules will fail to promote a fairer balance between generations.In its response to the new financial assessment framework (nFTK) submitted to Parliament yesterday, it said the proposal might improve intergenerational balance at the macroeconomic level but not necessarily at the level of individual pension funds.It argued that the “new rules of the game” could actually lead to “skewed” outcomes.The organisation said striking a fair balance between generations was about more than indexation alone.last_img read more

Saunders and Monroe want Golovkin-Alvarez shot

first_imgMOST READ E.T. returns to earth, reunites with grown-up Elliott in new ad  BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Read Next “He hasn’t had to go into a lion’s den with all these screaming fans against him.” Saunders’ promoter Frank Warren is confident his boxer will face the winner of Golovkin-Alvarez should he beat Monroe Jr.“If Bill comes through he will fight the winner of Canelo-Golovkin,” said Warren. “It’s all in his hands now. He knows what he gets out of this fight if he wins and I believe he will deliver.”– ‘Shot at redemption’ –Monroe, 30, is boxing for the first time in a year and has registered two points-wins since being stopped in six rounds by knockout specialist Golovkin.“He took a beating before and if he quit before when there were three belts on the line, he will certainly quit when there’s one belt on the line,” said Saunders.Monroe, from New York, refused to be drawn into trash talk but is hoping Golovkin beats Alvarez so he can have a re-match.“It’s a shot at redemption,” said Monroe. “I think Canelo is just going to win but I want Triple G (Golovkin) to win so I can get him back.“If you look at my fight with Golovkin and his fight against Kell Brook and Danny Jacobs, he doesn’t deal with fast fighters.“I’ve had a 12 week camp for Billy Joe, but I only got six weeks’ notice for Golovkin. I never had big backers and money guys in my corner to make things happen, so when a shot like that comes up you take it.”He added: “Billy Joe has had a great promoter like Frank Warren in his corner. All the fights have been in his own backyard. Willie Monroe Jr. of the US is checked by the referee after being knocked down in the first round by Gennady Golovkin from Kazakhstan during their Middleweight World Championship bout at the Forum Arena in Los Angeles, California on May 16, 2015. Golovkin won the fight by knocking out Monroe Jr. in the sixth round. AFP PHOTO / MARK RALSTON / AFP PHOTO / MARK RALSTONGennady Golovkin and Saul ‘Canelo’ Alvarez’s eagerly-anticipated bout will be watched by a global television audience, but it is not the only world middleweight title fight on Saturday.Billy Joe Saunders’ second defense of his World Boxing Organization belt against Willie Monroe Jr. in London will not attract the same attention or glamour but is nevertheless significant since the winner is likely to face the victor of Golovkin-Alvarez clash, which takes place a few hours later in Las Vegas.ADVERTISEMENT Fire hits houses in Mandaluyong City LATEST STORIES Frontrow holds fun run to raise funds for young cancer patients  Nonong Araneta re-elected as PFF presidentcenter_img Great Britain’s Billy Joe Saunders (L) is declared winner after defeating Turkey’s Adem Kilicci during their 2008 Olympic Games Welterweight (69 kg) boxing bout on August 10, 2008 in Beijing. AFP PHOTO JACQUES DEMARTHON / AFP PHOTO / JACQUES DEMARTHON“You can say lack of motivation but when you’re in touching distance of something great, that alone gives me motivation,” Saunders told reporters on a conference call from his training base in Fuerteventura, one of the Spanish Canary Islands.“The way the Ingles go about their business is second to none. My fitness is on a different level. I’m fit enough now to fight 15 rounds, every minute of every round. That alone boosts my confidence by leaps and bounds.“I know what is around the corner, I want to test myself against one of the greats. Willie had his chance (against Golovkin in May, 2015). I want to beat Willie Monroe in a better way than Golovkin did.”Golovkin, 35, and Alvarez, 27, are recognised as the best middleweights in the division and Saunders thinks the champion will prevail this weekend.“I think it will be a very close fight but Canelo looks like he has overdone it in training, he looked fatigued in training and he’s overdone it,’ said Saunders, from Hertfordshire, northwest of London.ADVERTISEMENT WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Don’t miss out on the latest news and information. Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles05:18After the Typhoon Part 201:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Brace for potentially devastating typhoon approaching PH – NDRRMC LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Lyceum averts disaster, escapes Arellano to stay unbeaten Golovkin, from Kazakhstan but based in California, defends the other three versions of the world title (World Boxing Council, World Boxing Association and International Boxing Federation) against Mexico’s Alvarez in a clash between boxing’s biggest stars now that Floyd Mayweather Jr has gone back into retirement.For Saunders, there can be no more excuses about motivation after an inactive and frustrating reign as champion. The 28-year-old English boxer won the WBO belt from Ireland’s Andy Lee in December 2015 but due to injuries and postponements has only fought once since, an unimpressive points win over Artur Akavov at a leisure centre in Scotland in December.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutBut Saunders (24 wins, 0 defeats, 12 KOs) feels rejuvenated and credits new trainer Dominic Ingle with improving his conditioning ahead of facing American Monroe (21 wins, 2 defeats, 6 KOs).‘Confidence boost’ View commentslast_img read more

10 months agoWest Ham boss Pellegrini tells 2-goal Anderson: I want more

first_imgAbout the authorPaul VegasShare the loveHave your say West Ham boss Pellegrini tells 2-goal Anderson: I want moreby Paul Vegas10 months agoSend to a friendShare the loveWest Ham boss Manuel Pellegrini was delighted with two-goal Felipe Anderson after victory at Southampton.Pellegrini has now challenged the 25-year-old to be even better than his current form, although the manager is delighted with how the club’s record signing is performing.“He’s a different player,” Pellegrini said. “He’s a player that makes important things in every game. “I continue to think that he will continue to improve. He’s still losing too many balls; maybe he needs to understand that it’s not easy in the Premier League. “But in every game, he makes a difference, with important play.” last_img read more

9 months agoLiverpool midfielder Fabinho calls out PSG over transfer talk

first_imgLiverpool midfielder Fabinho calls out PSG over transfer talkby Paul Vegas9 months agoSend to a friendShare the loveLiverpool midfielder Fabinho has questioned PSG’s long-term interest in him.The Brazil international, who only moved to Liverpool last summer, has again been linked with a move to PSG this season.But Fabinho told L’Equipe: “I never thought of going elsewhere. I know a lot of things went out in the newspapers, but all was not true. “What’s funny is that this PSG loan story came out just before our Champions League game (1-2, November 28, 2018). “And I had already experienced a similar story the day before the final of the Coupe de la Ligue between PSG and Monaco (3-0, March 31, 2018). It’s a strange coincidence, is it not?” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

DUST OFF THOSE SCRIPTS ISSA RAE AND PAUL FEIG ARE SEEKING PITCHES

first_imgIssa Rae and Paul Feig are looking for the next Ferris Bueller’s Day Off, The Breakfast Club and Empire Records.Rae and Deniese Davis of Color Creative are partnering with Feig and Laura Fischer of Powderkeg on a teen movie contest and are asking for submissions of feature film pitches for projects that exemplify the modern teen experience. READ MORESubmissions open July 15th.Deadline is August 9th.Click the pic below for additional information and/or to submit Facebook Advertisement Advertisement Issa Rae and Paul Feig LEAVE A REPLY Cancel replyLog in to leave a comment center_img Advertisement DUST OFF THOSE SCRIPTS! ISSA RAE AND PAUL FEIG ARE SEEKING PITCHES FOR THE NEXT GREAT TEEN MOVIEDo you have the next iconic teen comedy? If so, Issa Rae and Paul Feig want to hear from you!Rae and Feig’s production companies, Color Creative and Powderkeg, are teaming up to create a teen movie contest seeking the next great script. Rae and Color Creative’s Deniese Davis, along with Feig and Powderkeg’s Laura Fischer, want comedic scripts “that tells the teen experience in 2020,” according to the contest’s official brief. READ MOREISSA RAE, PAUL FEIG PARTNER FOR TEEN MOVIE CONTESTThrough their Color Creative and Powderkeg banners, the filmmakers are looking for pitches for features. Login/Register With: Twitterlast_img read more

Amazon Prime Day Best Health Fitness Deals

first_imgPrime Day, Amazon’s day of deals, is here. To help you make the most of it, we’ve rounded up some of Amazon’s best deals on health and fitness products, both practical and quirky.  Folding Pedal Exerciser This pedal exerciser is a great way to exercise and improve blood circulation while sitting at a desk or on a couch, and it folds up for easy storage and carrying.Headbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Why Is It ‘Snowing’ Salt in the Dead Sea?01:53 facebook twitter 发邮件 reddit 链接https://www.livescience.com/63073-amazon-prime-day-best-health-fitness-deals.html?jwsource=cl已复制直播00:0000:3500:35  Prime Day price: $25.49, a savings of 25% for Prime members Buy Folding Pedal Exerciser on Amazon.com Portable Air Purifier The Airdog FitAir Portable Air Purifier with HEPA Filter will continuously clean the air in a 25-square-foot (2-square-meter) area, filtering pollen, smoke, and other particles. The filter typically lasts for 1 to 2 months in a polluted environment and for 2 to 4 months when pollution is low. Prime Day price: $79.20, a savings of 20% for Prime members Buy Portable Air Purifier on Amazon.com Dog Frisbee and Rope Toy Exercise and have fun with your dog with this ring frisbee and rope toy set. Both items are made of durable, nontoxic rubber and the rope is heavy nylon. Prime Day price: $24.79, a savings of 20% for Prime members Buy Dog Frisbee and Rope Toy on Amazon.com White Noise Sound Machine Drift off to sleep while listening to soothing recorded sounds that mimic six natural soundscapes: Rain, Ocean, Brook, Summer Night, Thunder and White Noise. This white noise machine is lightweight and portable and can be plugged into a wall outlet or powered by four AA batteries (not included). Prime Day price: $19.99, a savings of 20% for Prime members. Save an additional 30% on this item at checkout. Buy White Noise Sound Machine on Amazon.com Ergonomic Foot Rest Improve your posture and foot circulation during extended periods of sitting, with this adjustable under-desk foot rest. The surface is molded to provide stability and to massage pressure points on your feet, while 5 angles and heights allow you to customize the position for maximum comfort. Prime Day price: $21.59, a savings of 20% for Prime members Buy Ergonomic Foot Rest on Amazon.com Full Body Pillow The shape of this full body pillow provides support for back, knees and belly during pregnancy and post-surgery. Prime Day price: $43.19, a savings of 20% for Prime members Buy Full Body Pillow on Amazon.com 23andMe DNA Test Investigate your genetic heritage by submitting a saliva sample that you collect with this kit at home. Results arrive in 6 to 8 weeks. Prime Day price: $99.99, a savings of 50% for Prime members Buy 23andMe DNA Test on Amazon.com Pet Fitness Robot This robot provides stimulation and exercise for your housebound pet, interacting with it through motion detection sensors, and dispensing treats. It also tracks their activity, so you can monitor your pet’s fitness. The robot “can hold up to tough chewers and can get a little wet,” according to the manufacturers. Prime Day price: $101.40, a savings of 40% for Prime members Buy Pet Fitness Robot on Amazon.com Fitness Activity Tracker  Track your heart rate, blood pressure, menstrual cycle and more with a waterproof Bluetooth fitness tracker, controlled by a smartphone running iOS 8.1 and Android 4.4 and above (not for PC, iPad or tablets).  Prime Day price: $36.79, a savings of 20% for Prime members Buy Fitness Activity Tracker on Amazon.com Gaiam Reversible Yoga Mat Available in 38 colorful patterns, this thick, reversible yoga mat is lightweight, nonslip and durable, and is suitable for yoga, pilates and other floor exercises. Prime Day price: $26.25, a savings of 25% for Prime members Buy Gaiam Reversible Yoga Mat on Amazon.com Insulated Squeeze Bottle This easy-to-clean bottle holds 17 ounces (0.5 liters) and has double-walled construction, to keep water cold longer. Prime Day price: $15.00, Prime members save an additional 20% at checkout Buy Insulated Squeeze Bottle on Amazon.com Personal Single-Serving Blender  Whip up smoothies, healthy shakes or even baby food with this portable, single-serving and BPA-free blender. Built-in lithium batteries charge via USB, and the blender can be used 10-15 times on a single charge. Prime Day price: $25.27, a savings of 21% for Prime members Buy Personal Blender  on Amazon.com Canine Genetic Test A simple DNA test will determine all of the breeds that make up your dog’s genetic heritage, and will also pinpoint their age. Prime Day price: $68.98, a savings of 31% for Prime members Buy Canine Genetic Test on Amazon.com Originally published on Live Science.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 minute and see why everyone is addictedVikings: Free Online GameUndoGundry MD Total Restore SupplementU.S. Cardiologist: It’s Like a Pressure Wash for Your InsidesGundry MD Total Restore SupplementUndoLivestlyThis List Ranks The Dog Breeds You’ll Want To Avoid At All CostsLivestlyUndoGundry MDThis Is What Happens To Dark Spots (When You Do This Every MorningGundry MDUndoEditorChoice.comFunny Signs You Can’t Un-SeeEditorChoice.comUndoTruthFinder People Search SubscriptionType in your name and wait 8 seconds. It’s crazy what this site reveals about people.TruthFinder People Search SubscriptionUndolast_img read more