Insurers positive change plan – Financieele Dagblad (Registration)

Insurers positive change plan – Financieele Dagblad (Registration)

The Association of Insurers is positive about the plans of State Jetta Klijnsma of Social Affairs to make changes in pension legislation.

Klijnsma announced Friday that employees with a modern pension contract, called contribution agreements, will no longer be their 67th their pension pot at one time to have put in a lifetime benefit. Instead they should invest for longer, making retirement more can come out.

The covenant speaks in a response of ‘a welcome improvement of legislation in recent years is booming. The organization has long called for a change in the rules so that pension insurers’ flexible but lifetime benefit “could provide.

No fixed benefit

Premium contracts are plans which only established the premium and depends on the distribution investment results. At present, a

relatively small group of such contribution agreement, approximately 470,000 participants, but the group with a premium pension is growing rapidly.

Participants were hitherto required to buy their retirement at once a lifelong pension. As a result, the pension depends on the rate of the time of retirement. In the current low interest rates, the pensions thus layer. Klijnsma is now developing a number of variants, which can be invested until after retirement.

Key

According to the Covenant, the trend towards pension agreements may be the key to solving a number of problems in the current pension system. ‘Pension schemes are due to this development significantly easier, more transparent and more personal, “reads the statement.