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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Barca threaten ex vice-president with legal action after resignations

first_imgBarcelona are prepared to take legal action against former vice-president Emili Rousaud after he claimed a high-profile individual were taking money from the club. Rousaud said in an interview with Marca that there was someone with prominence at the club who ‘had their hands in the till’, implying that they were making personal gain. Loading… In February, it emerged Bartomeu had hired company I3 Ventures to attack his ‘opponents’, including Gerard Pique and Lionel Messi, online. Promoted ContentWhat Happens To Your Brain When You Play Too Much Video Games?7 Things That Actually Ruin Your PhoneWhich Country Is The Most Romantic In The World?7 Non-Obvious Things That Damage Your PhoneWho Is The Most Powerful Woman On Earth?7 Mysterious Discoveries From All Around The WorldCrazy Expensive Things That Taylor Swift Owns7 Black Hole Facts That Will Change Your View Of The UniverseTop 10 Most Populated Cities In The WorldA Guy Turns Gray Walls And Simple Bricks Into Works Of Art6 Ridiculous Health Myths That Are Actually TrueThe Highest Paid Football Players In The Worldcenter_img Rousaud was one of two vice-presidents and six board members in total to resign on Thursday evening, as first reported by Catalan media outlet La Vanguardia. “In light of the serious and unfounded allegations made this morning, FC Barcelona categorically deny any action that could be described as corruption, and therefore reserve the right to take the necessary legal action,” read a Barcelona club statement. A report from El Mundo Deportivo earlier this week claimed Bartomeu wanted to reshape the top level of the club ahead of his final year at the helm of the presidency and called for others to resign. There have been several controversies at the top of the club in recent months with the report claiming that many professional relationships have been damaged irreversibly.Advertisement Read Also: COVID-19: Ronaldo urges fans to unite and support each other The findings of Barcelona’s involvement with the company were revealed after Barcelona issued a statement denying a report from the Cadena Sera radio station claiming the club were paying a third party to damage the reputation of others. It was even suggested by allies that Bartomeu should consider his resignation to allow a continue candidate to step in and continue supporting policies promoted by the current president. FacebookTwitterWhatsAppEmail分享 last_img read more

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SCALE hosts vigil for workers

first_imgThe Student Coalition Against Labor Exploitation members held a candlelight vigil to commemorate the six-month anniversary of the Rana Plaza factory fire collapse in Bangladesh on Wednesday night.The vigil began at the University Religious Center, where students read testimonies from people who had been affected by dangerous factory conditions in Bangladesh. Attendees were given a flower and a candle, and the ceremony was followed by a processional to Bovard Auditorium, where attendees were asked to sign a piece of a document in support of better factory conditions in Bangladesh.No sweat · Sean McGuire, a senior majoring in international relations and economics, leads a non-denominational prayer for factory workers suffering in sweatshop factories.Chris Roman | Daily TrojanOne by one, students taped written messages to a trifold and left the candles and flowers for the administration to see in the morning. The ceremony concluded with a performance by Overflow, an a capella group on campus, that showed support for the cause.SCALE had between 30 and 40 members who attended the vigil, which comprised of 50 attendees in total. This was the first time SCALE has had a vigil that left something tangible at Bovard Auditorium for President C. L. Max Nikias and the administration to see in the morning.“The thought process behind organizing this event was really to spread awareness, to ask refugees to take measures in order to make sure that the workers who make the apparel are being treated fairly and safely,” said Julia Wang, a senior majoring in neuroscience.The event was also held in an attempt to convince USC to put an end to “deathtrap” conditions in the university apparel supply chain.“Last year, USC signed on to the Worker Rights Consortium, which was a huge step forward in cleaning up USC’s supply chain,” Wang said.The Worker Rights Consortium is a group that monitors universities’ apparel factories worldwide, said Chanelle Yang, a junior majoring in policy, planning and development.SCALE is still trying to convince USC to require Bangladeshi factories producing Trojan apparel to sign the Accord on Fire and Building Safety contract.“It’s a legally-binding contract that says that factories producing [USC] apparel are held accountable for the safety violations that occur,” Yang said.“I heard about the factory fires that were happening in Bangladesh and I realized that our university apparel was made in very similar conditions to these deathtraps,” Wang said.Wang cited this as one of the reasons she wanted to take action and join SCALE.Wang and many other members of SCALE view these factory workers as members of the Trojan Family, since they are essentially working for USC by assembling USC apparel. Because of this, SCALE members felt that taking initiative was necessary. It has also served to make SCALE members feel closer to the people in Bangladesh.“I actually went to Bangladesh over the summer and I was able to talk to survivors and victims and family members,” Wang said. “Hearing their stories about how they’re affected on an everyday basis by Western brands and practices is heartbreaking.”Through candlelight vigils such as this, as well as other events, SCALE hopes to continue to raise awareness for their cause and gain more support. “Seeing the impact that students can have on very real issues like this really made me want to join SCALE,” said Sarah Newell, a junior majoring in business administration and sociology. “Being able to use my leverage as a student at this university to make changes to the things that USC does has been an incredibly empowering experience.”SCALE holds weekly meetings on Wednesday nights at 7 p.m. in the Social Sciences Building. This Saturday, they will hold an activist boot camp, a skills training event meant to teach members how to run campaigns successfully and mobilize people on issues to build change. SCALE also does regular worker meet-and-greets with workers at USC to make sure that USC’s workers are supported and treated well.last_img read more

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James wary of Real’s Champions League ‘chip’

first_img“They use a different ‘chip’ in the Champions League than they do in the (Spanish) league and manage to get the most out of themselves,” James told Munich-based newspaper TZ.“They know what it takes to fight for this trophy year after year, after all they have made history in the European Cup and the Champions League.”After three mediocre years at the Bernabeu, where he failed to regularly force his way into Real’s star-studded team, James has rediscovered his best form this season amid a two-year loan deal at Bayern.Real could win the Champions League title for the third straight season — and the 13th time in the club’s history — in the Kiev final on May 26.Bayern have every reason to be wary of Real, who knocked them out of the Champions League last season.Cristiano Ronaldo has scored seven goals in his last three matches against the Bundesliga giants including two in each of his last two games at Munich’s Allianz Arena.The Portuguese superstar has already scored 15 goals in the Champions League this season.“He is a goal machine and has proven it time and time again,” said Colombia star James, the top-scorer at the 2014 World Cup.“He is always there when needed, as proven by his numbers.“We need to produce a top team performance so he doesn’t have his best day.“You have to take care of him, but Real Madrid is not just Ronaldo.“It won’t be easy, that’s for sure.”A pair of second-half goals by Ronaldo sealed Real’s 2-1 win in the 2017 quarter-final first leg in Munich before the Germans went down 4-2 after extra-time in the Madrid return.But James said there’s no talk of revenge: “I think we should not see the two games against Real as revenge for last year, but simply as two more games on the way to the final.“Of course, the encounters between these teams are almost always unique, but we have to focus on standing up to a team like Real Madrid.”James claims to have been indifferent when Bayern drew Real.“When you go that far in a competition, it does not really matter which opponent you get,” he said.“Real Madrid, as well as Liverpool and Roma, are tough opponents.“With all of them, you have to go to the limit to reach one more round.“What really matters is that we now keep calm, believe in ourselves and play two strong games.“That’s just what I want.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Portugal forward Cristiano Ronaldo and his Real Madrid teammates habitually up their game for the Champions League, says on-loan Bayern star James Rodriguez © AFP/File / OSCAR DEL POZOBERLIN, Germany, Apr 17 – They may sit third in the Spanish league, but when it comes to the Champions League holders Real Madrid simply engage a special ‘chip’, says James Rodriguez.On loan at Bayern Munich, who host his ex-club Real in the first-leg of the Champions League semi-final next Wednesday, James says the Spanish giants’ strength is knowing how to conjure up their best performances in Europe.last_img read more

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