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The current consolidation trend, with hundreds of smaller schemes throwing in the towel, is merely the start, he said. Berendsen, currently a senior partner at consultant Deloitte, said pension funds with less than €10bn in asset under management were unlikely to survive over the long term.“In addition, pension providers that carry out the administration for less than 100,000 participants lack the scale to keep on investing in new systems,” he said. According to Berendsen, who was involved in the division of the old-style ABP into the current pension fund and its provider APG in 2008, small improvements in the system will merely increase complexity, thereby hindering proper governance at pension funds.“We need to design a couple of basic pension plans, also accommodating the AOW, for the large sectors,” he said. “This way, the AOW could gradually be changed from pay-as-you-go to capital-funded, and would remain affordable despite the population ageing.”Berendsen said he also expected that politics would take the initiative.“The pensions sector is too busy implementing a deluge of new legislation,” he said. “Compare it with the review of the care system – that was also an initiave from politics. Although it took longer than one four-year term of Parliament, it has been completed.”Berendsen recommended a basic scheme that would be mandatory for all working people.“This would also serve the increasing number of self-employed, who are hardly accruing a pension,” he said.“For earnings of more than 150% of the average income, people should take care of a pension themselves.”The big advantage of a simple pension plan is that it is more sustainable than the current system, with its hundreds of different pension arrangements, Berendsen said.“It would cause an enormous drop in costs,” he added. “In the current system, it is very difficult to cut costs further. It would be only possible with the large-scale introduction of standardised schemes.” Average-sized pension funds are destined to disappear in the Netherlands once the smaller ones have been liquidated, according to Ton Berendsen, former member of the executive board at the €309bn civil service scheme ABP and its provider APG.Berendsen predicted only “a handful” of pension funds, including the state pension AOW, would remain, carrying out basic, mandatory pension arrangements.In an interview in financial news daily FD, he argued that the Dutch pension system’s current problems could not be solved with minor improvements.“The system must be changed to tackle problems such as the financing of the AOW, as well as the growing group of self-employed without a pension,” he said.
>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<< A hardy native garden fringes 3 Mabel Street, Margate.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThe first floor is open-plan living with kitchen, dining and living spaces framed on two sides by floor to ceiling glass windows and sliding doors which open onto a 7m long balcony. The master bedroom is off to one side. The ground floor features two bedrooms, a laundry room that at 3.7sq m is larger than the smallest bedroom, bathroom with separate toilet, living area with balcony and a carport and garage. Unrestricted views to Moreton Bay from 3 Mabel Street, MargateYOU don’t need walls to hang artwork when you can have a living panorama of Moreton Bay that only needs airbrushing when the sea breeze rustles the pine trees along Margate Beach.Claudine Sotiau and Placide Masse have built timber houses in Canada, and limestone houses in France (where they are currently visiting).They had been living at Woody Point when a termite ridden house, high on a hill in Margate, caught their attention. It was beyond renovation so they began again, employing Push Architect’s Paul Curran to design their new home in 2008.“We like minimalist, industrial looking buildings and this gave us the opportunity to build such: a breeze swept playground with wide views for two grey nomads, which is why we sell now, ten years later, being even older,’’ Ms Sotiau said. From the back deck, Moreton Bay touches the clouds.From the outside, the steel and glass effect is very dramatic with sharp angles and Aztec designs in black, white and yellow. Striking exterior accents make 3 Mabel Street, Margate a house of distinction.“The house itself is designed to park toys,” she said. “A camper van in the garage, a boat under the carport and tools in the workshop.“My favourite part is the garden entirely planted with natives. They fiercely resist the sea salt and tolerate our absences without complaints.”
Pipeline Research Council International’s (PRCI) executive assembly has approved a motion to form a subsea technical committee. The newly created technical committee (TC) will be dedicated to solving the challenges faced by subsea pipeline operators related to the design, construction, and integrity management of risers, flowlines and umbilicals.PRCI president Cliff Johnson said that, “the addition of the Subsea TC will enable PRCI to more fully support our members as the industry sees a continued growth in offshore oil and gas. We are excited by the leadership of ExxonMobil, Total, and Chevron in bringing this important area into PRCI.”The Subsea TC recently held their first meeting and confirmed their leadership team, which will be chaired by Jamey Fenske of ExxonMobil, with vice-chair support from Ludovic Assier of Total and Farzan Parsinejad of Chevron.With the creation of the Subsea TC, PRCI now has eight specific areas of research that include: compressor and pump station; corrosion; design, materials and construction; integrity and inspection; measurement; surveillance, operations and monitoring; and underground storage.
NZ Herald 21 May 2014Google now beats talking to friends for young Kiwis with emotional or health problems, a survey has found.The Colmar Brunton national survey of 403 people aged 16 to 24 found that 64 per cent of young people said Google or other websites were the most common places their peers would go to “access information about sex, drugs, alcohol, depression, stress, health, etc”.Talking to friends came a distant second on 46 per cent.The online survey of Colmar Brunton’s ‘You Say’ youth panel offered young people a list of 24 health and social issues and asked which were “the biggest issues facing young people today”.Alcohol easily topped the list with 19 per cent, followed by ‘being accepted’ (12 per cent), bullying (11 per cent), self-esteem (10 per cent) and drugs (8 per cent). Ms Davis-Tana said alcohol was “a very dominant topic in the media, even on social media, and in our lives, so it’s something easy for youth to talk about”.However, when asked about a difficult time that they had been through personally, alcohol came only 12th on the list at 9 per cent. The top issues in young people’s actual lives were stress (32 per cent), self-esteem and relationships (both 28 per cent), confidence (25 per cent) and family (22 per cent).Sex rated 14 per cent, bullying and peer pressure both 13 per cent, suicide 11 per cent and drugs 7 per cent.“Things like self-esteem, suicide, peer pressure … are almost like taboo topics,” Ms Davis-Tana said.Youthline’s annual street appeal is this Friday, May 23.Cyber-age helpHow do young people access information about sex, drugs, alcohol, depression, stress, health, etc?• Google & other websites – 64 per cent• Talking to friends – 46 per cent• TV shows – 15 per cent • Magazines – 11 per cent• Talking to a family member – 5 per cent• Talking to their doctor – 3 per centSource: Colmar Brunton survey, 403 people aged 16-24.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11258524
Growing numbers of children in Eastern Uganda are abandoning school classes and heading to work in the region’s artisan gold mines. Despite the dangerous working conditions, many children are prepared to take the risk in an attempt to escape poverty.In Uganda, child labour in the mines is illegal, but it doesn’t seem to be preventing the rising numbers of children working in the region.It is estimated that at least 250,000 people are mining and dealing in gold in Uganda, thousands of those are children working in mines in appalling and dangerous conditions.The number of children working in mines increases even further during the weekend and school holidays.Many miners go weeks and months with very little to show for their exhaustive efforts. For many children, the dream of making it big only a distant mirage, one which comes at the cost of their education.
Sharing is caring! 51 Views no discussions Tweet Share Share Permanent Secretary Careen PrevostToday is National Tree Planting Day according to the Ministry of Environment, Climate Resilience, Disaster Management and Urban Renewal, and the Ministry of Agriculture.This event is a part of independence celebrations, and was first introduced last year for Reunion 2018.Permanent Secretary in the Ministry of Environment, Climate Resilience, Disaster Management and Urban Renewal, Careen Prevost explained, “We are planting fruit trees, coastal species, ornamental plants and forest species in various locations. We are also providing plants to the public on a first come first serve basis downstairs Government Headquarters.“We are planting in Jimmit, Coulibistrie, Grand Bay, Pointe Michel to Soufriere, Peebles Park, Kalinago Territory, Concorde, Laplaine, Rosalie, Lagoon and the Indian River.“We are planting trees at all the primary and secondary schools and in four zones around Dominica: the central, southern, eastern and northern ranges,” Prevost outlined.She wants nationwide support for this initiative.Technical support for the day was provided by the Forestry, Wildlife and Parks Division as well as the Division of Agriculture. Share LifestyleLocalNews National Tree Planting Day by: – October 17, 2019
Share Share NewsRegional OAS calls for promoting regional sustainable tourism by: – September 30, 2011 Sharing is caring! 11 Views no discussions Tweet Share José Miguel Insulza. Image via: oas.orgSAN SALVADOR, El Salvador — The secretary general of the Organization of American States (OAS), José Miguel Insulza, issued a call on Thursday to government authorities, international organizations and tourism associations gathered in San Salvador for the 19th Inter-American Travel Congress to “promote regional sustainable tourism, inclusive and responsible, that can be an effective tool in development and the fight against poverty.”Upon inaugurating the event alongside Salvadoran President Mauricio Funes, Insulza asserted that “the importance of tourism for the sustainable socioeconomic growth of our countries is of the greatest importance for the development of the region,” and that “tourism should be considered more and more as an important source of socioeconomic growth, particularly in developing countries.”In this sense, he recalled that “tourism is the principal driving force of economic activity for many countries of the Americas, in particular those in the Caribbean,” and noted that the contribution of tourism to the GDP of some countries in our region is fundamental: in Antigua and Barbuda, for example, tourism contributes nearly 75 percent of the country’s GDP.Furthermore, he recalled the valuable role of micro, small and medium enterprises (SMEs), which offer the greatest number of tourism services in the countries of the region. “They are the most important engine of growth, because they generate employment and contribute to a more equal distribution of wealth,” he said.Despite the impact of the financial crisis on tourism at the global level, “our hemisphere today presents a hopeful outlook,” continued the head of the hemispheric organization. In this sense, he cited figures from the World Tourism Organization (UNWTO) that show that more than 150 million tourists visit the Americas annually and that the countries of the region had a growth of five percent in the number of tourists during the first months of this year.“These numbers barely contribute to an understanding of why tourism is the principal motor of economic activity in many countries of the region, in particular in the countries of Central America and the Caribbean,” he said. “Similarly, they reflect the impact that tourism activity at the regional level can have for the region’s development,” he added.Insulza said the 19th Inter-American Travel Congress, titled, “A Challenge for Addressing Poverty,” “constitutes a valuable opportunity for promoting concrete policies and adopting measures in support of the tourism sector.” “I trust that with the support of the Member States, of donating countries and agencies, of international and regional organizations, we can channel sufficient resources to make of the Americas an exemplary region for sustainable and responsible tourism,” he concluded.The event, which brings together high-level tourism authorities from around the region, is organized by the OAS and the government of El Salvador and will be held Thursday and Friday in the Salvadoran capital.The Inter-American Travel Congress, created in 1939 with the objective of promoting the development of tourism in the Americas, is one of the oldest institutions in the Inter-American System, and is considered the principal hemispheric platform for promoting this industry in the Americas and facilitating the exchange of experiences and best practices in this area.Caribbean News Now
Milan, In. — Milan Community School Corporation recently purchased new risers for the choral department through a grant from the Rising Sun Regional Foundation.The purchase is very timely since the group is preparing for an upcoming competition.
In the first game of back-to-back-to-back road games for the Pirates, Greensburg fell to Hauser 5-0.The Pirates came out flat against a talented Hauser team and the Jets were able to put one away against Greensburg early and never looked back. The Jets were able to get a lot of shots on goal throughout the game, connecting on 2 in the first half and 3 in the second.The Pirates never had an answer. Grayson Newhart had 4 shots and Collin Springmeyer had 1. Addison Roblero registered the only shot on goal for the Pirates.The Pirates fall to 2-5-1 and play again tomorrow against Switzerland County.Courtesy of Pirates Coach Cody DeVolld.