Dutch should adopt principles-based funding framework: Aon Hewitt

first_imgA principles-based approach ought to replace the tight rules of the financial assessment framework in the Netherlands in order to create scope for innovation for a new pensions system, consultancy Aon Hewitt has argued.Speaking at a conference in Amsterdam last week, Frank Driessen, chief executive of Aon Hewitt Netherlands, contended that a one-size-fits-all system would not be the solution for the current multi-cultural society.An approach similar to that taken by the EU’s pension fund legislation, IORP II, would allow innovation for a new system, he said. In his opinion, a principles-based assessment framework would offer more potential to modernise defined contribution arrangements, such as lifecycle investments based on participants’ risk profile. Driessen’s vision of a new pensions system included the introduction of individual pensions accrual combined with collective investing – as is still being assessed by the Social and Economic Council – with participants choosing their risk profile.The consultancy’s CEO also argued in favour of employers being enabled to select their pensions provider rather than the current mandatory participation in sector pension funds.He said he was also in favour of allowing pension funds to pick their specific pensions contract.A “hard stop” for the old pension arrangements would be crucial for a transfer to a new pension contract in the Netherlands, Driessen also argued.  This would avoid discussions about who would fit the bill and problems in merging existing pension rights accrued under the current arrangements with new pensions accrual under a new pensions contract.  Driessen also warned that, after 10 years of what he said were fruitless discussions about a new pensions system, the risk was real that “emotions in society” could force pension funds to respond in some way.“We don’t want to end up in such a position,” he said.The Dutch government wants to introduce a new pension model in 2020, but many in the industry doubt this is achievable.last_img read more

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Former stars lock horns at Thurles

first_imgMikael D’Haguenet and Mourad both feature for Willie Mullins in the Thurles Racecourse Hurdle on Thursday. The first-named looked set to make his mark in championship company after landing the 2009 Neptune Novices’ Hurdle and while he has won his share of races since, he has failed to hit the expected heights. He finished two lengths adrift of Hurricane Fly in the Morgiana when last seen, with that stablemate subsequently relinquishing his Champion Hurdle crown last week. Multiple Graded winner Mourad has had just two runs since June 2012 and failed to beat a runner on his most recent appearance in the Limestone Lad Hurdle. Mullins will be hoping to get off to a winning start with Local Celebrity in the Templemore Beginners Chase. The 10-year-old fell in a race won by Trifolium back in November and has been given plenty of time to get over that mishap. An Dearthair Og broke his duck in no uncertain terms at Wexford on Monday and Henry de Bromhead turns him out again quickly under a penalty in the Jimmy Neville Memorial Handicap Chase. Sarah Battle also makes a swift reappearance, having managed to place only fifth when sent off favourite at Limerick last weekend. She tries her luck again in the Clonoulty Handicap Hurdle. Gold Cup-winning trainer Jim Culloty fields Prince Of Lombardy in the Devil’s Bit Maiden Hurdle, while Archie Meade, who was pulled up in the Thyestes Chase, tackles an easier assignment in the Cashel Beginners Chase. center_img Press Associationlast_img read more

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Only You, Community Members, Can Stop Ebola, not Doctors, Nurses …

first_imgMargibi County Senator Oscar A. Cooper has underscored the need for all Liberians,  irrespective of culture,  religion or economic status, to take seriously the preventive measures instituted by government through its Health Ministry to combat the Ebola outbreak across the country.According to him, the level of the outbreak now in the country required all Liberians’  holistic participation in the fight against the disease. He said government and partners alone cannot stop the spread of the disease.Sen. Cooper made the assertion recently, at his residence at Cinta, a Kakata suburb, when he presented a special Ebola awareness message to the media in the county.In his message, Sen. Cooper told his citizens how they can prevent themselves from getting the disease and the danger it poses to family members who may encounter the Ebola virus.He advised Liberians to always avoid shaking hands, or touching an  Ebola-related dead body.The Margibi County Senator further cautioned citizens to report immediately to the Ministry of Health or a designated group,  cases of people suffering from severe pain, stomach pain, diarrhea, vomiting, fever/malaria, red eyes, and rash, among others.The Senator noted that by adhering to these measures, it will certainly help the government and its people to eradicate the pestilence from Liberia.He averred, “My people, this Ebola thing is not only the government business but all of our business. We have to find  security for ourselves from this deadly disease. When you discover that you are not feeling well, go to the hospital. The sooner you go to the hospital, the better your chances of survival.  If you are sick, or you know that you have the virus, don’t endanger another person with it. Doing that will not help you nor stop the widespread of the virus,” Sen. Cooper cautioned.“The current status of the virus in Liberia cannot be stopped by medical Doctors, nurses nor government alone,” he told his Margibi citizens, “but by all of you –community members.  You are the participants in the fight against Ebola,” he declared.Senator Cooper encouraged all Liberians to team up  and unite to defeat this human enemy.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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BLUEBIRD CARE COOKERY DEMO LEAVES PLENTY OF FOOD FOR THOUGHT!

first_imgThere was lots of food for thought at the Bluebird Care cookery demonstration with celebrity chef Gary O’Hanlon.Gary shows Marty and Bernard how the real chefs do it!Celebrating five years in business, Bluebird Care threw a culinary party for their staff, customers, business associates and local people interested in all things cooking.Director Marty Kelly described the evening as a gathering of friends to appreciate great home-cooking and to share culinary tips. “After building our business in Donegal, we wanted to give something back to those who have supported us. Hence we hosted a free cookery demo in the Station House Hotel with Bluebird Care’s food ambassador, Gary O’Hanlon.“We had 100 people attend and Gary cooked recipes from our award-winning cookbook, Food for the Soul. We also used the opportunity to present our sponsorship cheque to local charity Blood Bikes North West.”Marty presents Bernard with a cheque for an incredible €5,000 for Blood Bikes North-West.Bernard McDyer, founder of Blood Bikes North West described Bluebird Care’s sponsorship as invaluable.“Marty has supported us from day one. Bluebird Care are responsible for purchasing our two motorbikes which essentially keep this charity on the road. Our volunteers and indeed those who benefit from our services are grateful for their generous support and especially this donation of €5,000.”  BLUEBIRD CARE COOKERY DEMO LEAVES PLENTY OF FOOD FOR THOUGHT! was last modified: March 31st, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Blood Bikes North WestBluebird CaredonegalMarty Kellylast_img read more

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