Funding at largest Dutch schemes stands at 80% in real terms – DNB

first_imgThe average coverage ratio for the largest pension funds in the Netherlands now stands at about 80% in real terms, according to recent statistics compiled by the financial regulator (DNB). BpfBouw, the €54bn scheme for the Dutch building sector, is the exception among the five largest schemes, with a real funding of 90%.The coverage ratio relative to inflation at the €372bn civil service scheme ABP stands at 80.6%, while the ratio at the €179bn healthcare fund PFZW is slightly worse at 78%.Real funding at the large metal schemes PMT and PME was estimated at 79.5% and 79.3%, respectively. The Dutch regulator has started publishing real-funding figures for the first time, as well as statistics on the costs pension funds incur for administration, asset management and transactions.It said this was part of its aim to improve transparency with respect to its supervisory work and increase information regarding pension funds’ financial positions.Last year, the regulator began publishing data on schemes’ premiums, indexation and official ‘policy funding’ – the 12-month average of actual funding, and the criterion for rights cuts and indexation.Of the approximately 250 pension funds in the Netherlands, 19 boast a real funding of more than 100%.With real funding of about 166%, SPMS, the €10bn occupational scheme for medical consultants, is in the best position.The pension funds HAL, Forward (Unilever) and Provisum (C&A) also enjoy relatively high real coverage, of 156%, 134.5% and 127.3%, respectively.With a funding in real terms of 71.7%, the pension funds for dental technicians, Tandtechniek, and Hoop Terneuzen are at the lowest end of the scale.The five largest pension funds reported asset management costs of between 0.61% (ABP) and 0.32% (PME), with the Alliance (Nestlé) and Mars schemes incurring the highest costs, of 1.14% and 1.5%, respectively.Positive exceptions are the pension funds of Ford Netherlands and GPs in training, which both spent 0.13% on asset management.Transaction costs at the five largest schemes ranged between 0.06% (ABP) and 0.10% (PMT and BpfBouw).Several pension funds, including Nielsen AC, Norit and Cosun, have kept the cost of their deals limited to 0.01%, according to DNB.The €67m Pensioenfonds Calpam, which received the Pensioen Pro award for best pension fund in the Netherlands last year, paid 0.02% for transactions and 0.17% for asset management.Despite administration costs of €1,383 per participant, its real funding came in at 133%.Meanwhile, in other news, Jetta Klijnsma, state secretary for Social Affairs, said she would assess the possible effect of a longer recovery period on pension funds’ financial positions.The new financial assessment framework (nFTK) allows for a recovery term of 10 years.During a debate in Parliament, Klijnsma said she would look into whether this option could offer respite to pension funds facing rights cuts.last_img read more

Lucozade league integral to 2016 hockey success

first_imgTHE Guyana Hockey Board believes that the inaugural LUCOZADE indoor league was integral to the development of the sport in 2016 and that it played a major role in expanding its base of players.“The Lucozade league was very vital to us,” head of the GHB, Philip Fernandes, told theSaints striker Kevin Edwards and Pitbulls’ Trevon Spencer battle for possession at this year’s LUCOZADE indoor hockey league.media, likening the league to the Guyana Football Federation’s (GFF) STAG elite league.He contended that in the league format, there were many positive spinoff effects, stating, “Usually our indoor hockey is played over a weekend, maybe a few days running into the weekend so it’s compact. Teams play consecutive nights and are unable to change much tactically between the first game and the last.”He noted that the vibrancy exhibited during the tournament allowed for interesting play at both league and weekend tournaments which overall allowed for a greater level of competitiveness.“The Lucozade league is different because teams were able to compete and then they would have significant gaps between matches,” Fernandes said.“So they (teams) were able to meet; to train a few evenings and to review video to improve the quality of the play and then come back and compete with maybe different and new tactics.”Fernandes hopes this development can continue locally, especially with the body looking to put two teams in training for the PAN AM championships later this year at a venue to be decided.last_img read more

Mintbet freshens marketing approach

first_imgShare StumbleUpon Submit Bristol Rovers Football Club has revealed that online betting company, Mintbet, will feature as the Club’s brand new back of shirt sponsor for the upcoming League 1 season. As one of the fastest growing new online betting companies Mintbet has expressed delight at securing a deal to be the official back of shirt sponsor with Bristol Rovers. The Mintbet team are supporting Bristol Rovers all the way in pursuits on and off the pitch for the upcoming Sky Bet League One season.Mintbet Founder Thomas McBride commented on the new sponsorship venture for the group: “Mintbet is a brand built on responsible gambling and focussed on offering value odds and excellent service for UK sports bettors. We have supported the shirt sponsorship at Bristol Rovers to engage on a deeper level with local audiences and promote our new online brand in a wider UK market. “We are thrilled to be working with an established football club who have a community of engaged fans and look forward to bringing Mintbet to local audiences as a trusted online betting partner.”Owen Lyle, Marketing Director for Mintbet added: “We hope this is the start of a great working relationship together between Mintbet and Bristol Rovers and we wish the club every success for the upcoming season.“Bristol Rovers are a long-standing football club with a loyal and passionate fan base, and we see the partnership as a great fit for our UK brand. We aim to engage with the large fan base and community surrounding the club.” Tom Gorringe, Commercial Director of Bristol Rovers F.C stated: “We are delighted to welcome Mintbet to our growing list of partners for the upcoming season.“Mintbet’s commitment to the club and our vision has enabled us to continue to develop our partnership portfolio to support our on-field ambitions for the coming campaign and beyond.”As part of their agreement, Mintbet will have their logo on the back of all first team adult replica home and away shirts for the 18/19 season.The deal marks the continued expansion of Bristol Rovers sports betting sponsorship portfolio, after it also revealed a record deal, unveiling Football INDEX as the its new front of shirt sponsor for the 18/19 season. ASA brandish red card to Football Index ads August 21, 2019 QPR names Football Index as new shirt sponsor August 21, 2020 Share Football Index selects beBettor to lead customer affordability demands July 30, 2020 Related Articleslast_img read more

Kraemer Signs With The BC Lions

first_imgThe Canadian Football League’s BC Lions have signed Drake University quarterback Grant Kraemer, the organization and Kraemer announced this week. That legacy includes Drake legend and Canadian Football Hall of Fame member Johnny Bright who won three Grey Cups in his 12-year career and was the league’s MVP in 1959. Print Friendly Version Kraemer’s signing continues Drake’s tradition of professional success in the CFL. Kraemer is the 14th Bulldog to join a CFL roster and the first since Matt Acree joined the Ottawa Redblacks in 2016. Kraemer recently completed his senior season at Drake and his third as the Bulldogs starting quarterback. Last season he threw for 2,482 yards and 25 touchdowns. In his three seasons under center, he threw for more than 7,500 yards with 68 touchdown passes. He twice tied the school record for touchdown passes in a game with six and his leadership helped the Bulldogs to a 21-12 record over those three seasons.last_img read more