ASR adds variable pension to its DC offer

first_imgDutch insurer ASR has launched a defined contribution product with the option of variable benefits after retirement while participants’ pension assets remain invested.The option of continued investment under DC arrangements were made legally possible in 2016, and variable benefit plans introduced by insurers Aegon, Allianz, Zwitserleven and Nationale Nederlanden the following year.Centraal Beheer APF – a subsidiary of Achmea – and ABN Amro Pensioenen have also started offering a variable pension.ASR said it has gone through a “thorough development process”, but emphasised that the steep drop in interest rates this year hasn’t affected its preparations. The insurer already offers the option of “getting in lane” in the accrual phase for variable benefits after retirement.However, the new product will enable clients to use its services for both accrual and benefits, it said.A recent evaluation of the legislation by the ministry for social affairs stated that no more than 5% of retiring workers had taken up a variable pension in 2017 and 2018. This percentage is expected to rise to 12% in 2022.The evaluation attributed the modest interest in variable benefits to people’s need for certainty as well as the fact that fixed benefits are usually the standard option.ASR said it plans to increase workers’ eagerness by informing them at an earlier stage about the possibilities of its variable pension proposition.It said its product comprises two variants, one with lower benefits for a start, but with better perspectives for inflation compensation and a smaller chance of benefits cuts. The other option starts with higher benefits.Earlier this year, consultancy LCP noted that participants in seven variable pension products had seen their benefits reduced in 2019 as a consequence of poor investment results last year.ASR said it will overcome this by using three-year average returns for establishing annual benefits. However, the insurer was not able to indicate straightaway whether this approach will prevent or reduce cuts.last_img read more

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Williams relieved after return

first_imgAshley Williams was relieved to finally make his return from injury against West Ham, and the Swansea captain has declared himself ready for Sunday’s south Wales derby. “It was important, but now we can look ahead.” A second consecutive Premier League clean sheet was an ideal confidence boost for the Swansea rearguard, as they survived West Ham’s set-piece onslaught. While Laudrup’s side did not always look comfortable in the face of an aerial bombardment, they managed to survive, and it is an area they will need to be strong in against a Cardiff side including Peter Whittingham’s dead-ball expertise. “I’m very pleased with the clean sheet, but obviously we would have liked to have won the game,” said Williams “It was a tricky game because they were sitting in without the striker so it would have been easy for the defence to have switched off and then been hit on the counter attack. “The pleasing thing was that we didn’t concede from so many set pieces. “We did ride our luck at times but we got a clean sheet in the end one way or another. “I think this year we’re a lot stronger at defending set pieces and that’s pleasing because that’s what we’ve worked on and talked a lot about. “You can’t afford to switch off because there aren’t a lot of teams that aren’t strong from set pieces. “It’s something we’ve spoken about at the start of the season and I think we’ve tightened up a lot.” The Wales centre-half had not played for five weeks due to a niggling ankle ligament problem, missing eight games in total for club and country. Manager Michael Laudrup had initially hoped a fortnight of rest would be enough to cure the problem, but Williams’ lay-off worryingly dragged on, and there were concerns he would miss the first Premier League battle for Welsh bragging rights. Press Association However, the 29-year-old was fit enough to return to the starting line-up for Sunday’s goalless draw with West Ham, turning in a typically assured display at the heart of the Swansea defence. And he is already casting his sights ahead to this weekend’s eagerly-awaited clash at Cardiff City Stadium. “I felt good, it was a tough test for the ankle, but it stood up to it, so I was pleased,” he said. “The last time I had a spell out with an injury I think was in 2007. I like playing and I don’t enjoy watching. “I found it a bit strange and very frustrating, but I didn’t want to rush it. “It’s pleasing to get 90 minutes under my belt. I didn’t want to go straight into the derby because of the intensity of the game. “It was nice because now I feel a bit more confident and now I’ve got a full week’s training ahead. “It’s a massive game for obvious reasons, but we knew we had to concentrate on the West Ham game first. last_img read more

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Betfair customer’s Christmas cashout miracle

first_img A mystery Betfair punter made what must be one of the greatest cash outs of all time on Boxing Day which paid out a total of £223,000 from a £1 stake.Naomi Totten, BetfairThe festive all football accumulator was made up of 21 legs and included Plymouth to beat Wycombe in a game that ended 3-3 with a 90th minute equaliser from Myles Weston.Naomi Totten, Spokesperson at Betfair, said: “Cash Out gives customers the ultimate control over their bets and this is surely the mother of all Cash Outs from the mother of all accumulators. The customer nailed 20 results of their 21 selections before going on to correctly predict that Plymouth wouldn’t hold their nerve against Wycombe.“And with an impeccably timed Cash Out they chose to take £223k just 4 minutes before Wycombe bagged the equaliser that would have agonisingly seen the punter take home nothing. Some way to end Christmas!”This 21 fold accumulator win follows another recent accumulator cash out which didn’t quite go the customer’s way at Colossus Bets after an exceptionally late Liverpool goal saw them miss out on a six figure plus pot. Related Articles Submit StumbleUpon Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020 Share ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 Share Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020last_img read more

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