Netcompany-Intrasoft’s Post

Have you recently relocated or returned to New Zealand from the UK? If so, you may be considering moving your UK Pension as well. To help understand some of the key advantages of moving your UK Pension, we've put together this quick guide. And if you have any further questions, keep us in mind.

The CEO of Skandia, one of Sweden’s biggest commercial pension companies, has expressed scathing criticism of the country’s pension system – and the powerful role that Skandia’s competitor, the troubled pension company Alecta, plays in it. “The system is rigged so that the maximum amount of capital goes into Alecta. That is bad for pension savers and free competition, and it is a long-term risk for the Swedish business community,” Frans Lindelöw, CEO of the SEK 800bn (EUR 69.2bn) pension firm, tells business daily Dagens Industri. In the interview, Lindelöw calls on the Confederation of Swedish Enterprise (Svenskt Näringsliv) to conduct a review of Alecta’s position of power in the management of private employee occupational pensions. “I am raising a red flag – the reason is that every year, approximately 24 billion kronor (EUR 2.1bn) is channeled into Alecta via defined premium insurance. The majority of this amount comes from employees who have not actively chosen Alecta,” he says. #assetmanagement #pensions #pensionfund #investments #financialmarkets #bankingindustry #assetmanager #wealthmanagement

Pension reforms in Switzerland on the agenda again! Here an update.

Starting A New Corporate Pension Plan In The Netherlands? We see many foreign companies who start their own Dutch corporate pension plan for their employees in The Netherlands. Tip: Before starting such an obligation, please have checked if there is no legal obligation to participate in an existing Dutch pension fund. If such an obligation exists and then having to participate in that fund retro-actively while cancelling the already set-up corporate pension plan is a complicated and expensive process. So please 'eyes open' at the start of such a project!

As we approach the end of the final quarter and anticipate the year ahead, it's hard to believe that two months have flown by since the launch of Dalriada.Together®. The overwhelming response we've received has been tremendous. 🤯 Throughout all the discussions held by Dalriada.Together and John Burke, one question consistently arises: Why does Dalriada.Together exist? In a nutshell, Dalriada.Together is committed to making top-quality pension scheme management accessible to all. We aim to bring the high service standards commonly linked with larger schemes to smaller ones. Recently, our Head of Dalriada.Together, Vassos Vassou, addressed common criticisms surrounding traditional trusteeship methods. These criticisms often cite issues such as slow delivery, high costs, and inefficiencies. Fortunately, we've identified and developed an alternative model - Dalriada.Together. We recognise these challenges and offer a solution that revolutionises pension scheme management. Our consolidated approach offers greater agility and cost-effectiveness, providing employers with enhanced control over their schemes. 🔗 Learn more on why Dalriada.Together exists: https://lnkd.in/e-qS_m8r #PensionSchemes #Trustees #Consolidation #DalriadaTogether

Are you aware of the German Widow's Pension and Survivor Benefits? 🇩🇪 These financial supports can act as vital lifelines during times of loss. Our latest blog post explains how these pension types function, who is eligible, and how to apply. 📝 Click the link to find out more about securing your financial future. 💼 Together, we can navigate the complexities of the German pension system. 🚀" #Fundsback #SurvivorBenefits #GermanPension #WidowsPension #RetirementPlanning #FinanceGuide #SecureYourFuture #NavigatingPension https://lnkd.in/eskjJPDd

Pan-African credit rating agency and research firm, Agusto & Co has predicted that the country’s pension assets under management (AUM) will hit N19 trillion at the end of 2024, in a 13 percent increase year-on-year. The agency in a report on pension industry released weekend projected that this growth will be supported by an anticipated […] read more Pension assets to close at N19trn in 2024 – Agusto & Co http://ow.ly/xwgw104P580

Do you dream of retiring early? The reality is that most of us will have to work well into our 60s but imagine if you found a pot of €, that was actually YOUR money - think of the possibilities this could open. It is estimated that there are over €500 million in unclaimed pension funds in Ireland. Finding an old pension you have lost track of can be difficult. This is especially true if your old employer has shut down and is no longer contactable. Should you hit a brick wall when tracing a pension, contact The Pensions Authority as it keeps a register of company pension schemes. Another useful way to track a pension is to ask previous colleagues who also worked with the employer. If you do have an old fund it is important to locate and manage your fund. ***Get in touch if you would like to talk to us about your pension.**

As we navigate the complexities of transitioning from Defined Benefit (DB) schemes to Defined Contribution (DC) schemes, it's crucial to address the challenges and opportunities this change represents. Jeroen Elbertse, alongside Stephan Linnenbank, highlights the intricate journey Dutch pension funds are embarking on, with approximately 1.6 trillion euros in play. The potential need to manage both old and new pension schemes simultaneously poses a significant challenge, emphasizing the importance of making decisions that prioritize the welfare of pension participants. The transition, set to be completed by 2028, requires meticulous preparation and a strategic approach to overcome technological and administrative hurdles. At Lumera, we're committed to guiding our clients through these changes, leveraging our expertise to ensure a smooth transition. Let's focus on creating a future-proof pension system that serves the best interests of its participants. For more insights and guidance on navigating this transition, we invite you to read our latest article, published in Pensioen Pro magazine: https://lnkd.in/d49P-X6j #Lumera #pension #funds #new #regime #transition #db #dc #schemes #participants #challenges #opportunites #Netherlands

More and more expats are being told by their pension providers they need to transfer to other schemes to access their funds, but those schemes are also blocking more transfers. If you're considering a pension transfer, be sure your expat advisor has the correct permissions in place to improve your chances of a successful transfer. https://lnkd.in/eJkwWmae