A FEASIBLE DESIGN FOR A EUROPEAN PENSION TRACKING SERVICE (ETS) 26 March 2015

Transcription

1 A FEASIBLE DESIGN FOR A EUROPEAN PENSION TRACKING SERVICE (ETS) 26 March 2015

2 CORIEN WORTMANN-KOOL ABP (NL)

3 PROGRAM - PART Welcome and introduction by Martin Siecker (EESC), Harry Vossebeld (TTYPE/PGGM) and Marianne Thyssen (EC) Guy s pension - animated video A feasible design - TTYPE results How is the design perceived by potential users - panel debate The political perspective on European pension tracking - panel debate Ambition of the European Commission on European Pension Tracking Break Start of Part 2

4 MARTIN SIECKER EESC (EU)

5 HARRY VOSSEBELD PGGM (NL)

6 MARIANNE THYSSEN Commissioner (EU)

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9 A FEASIBLE DESIGN - TTYPE RESULTS TITUS SIPS APG (NL) RICHARD LUGTIGHEID PGGM (NL)

10 A EUROPEAN PENSION TRACKING SERVICE A must have

11 ADVANTAGES FOR CITIZENS Overview of pensions and pension entitlements across Europe Help in finding pension providers

12 ADVANTAGES FOR PENSION PROVIDERS European channel for communicating with their participants Help in finding their lost particpants Enrich providers website with ETS functionality

13 ASSIGNMENT: EUROPEAN FOCUS A feasible high-level design for an ETS, including recommendations for a successful implementation

14 Understanding your pension:

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16 ETS DOES NOT NEED ADDITIONAL LEGISLATION ETS IS COMPLIANT WITH EXISTING LEGISLATION

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19 STEP CHARACTERISTICS Ownership: Governance: Financing: Financing: STEP is not owned by another body Include key stakeholders Free of charge for EU citizens Financed by pension data providers (including NTSs) and the EC

20 THE ETS SHOULD BE IMPLEMENTED THROUGH A STEP-BY-STEP APPROACH Realisation of the IT system Implementation A separate implementation project for each countr y Focus on connecting 1 st and 2 nd pillar

21 A EUROPEAN PENSION A EUROPEAN PENSION TRACKING SERVICE TRACKING SERVICE Advancing Advancing pension pension communication in Europe Help pension tracking on a national level Different functional levels Compliant with legislation Voluntary participation Step-by-step implementation A must have

22 QUESTIONS?

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24 HOW IS THE DESIGN PERCEIVED BY POTENTIAL USERS panel debate PETRU SORIN DANDEA EESC (EU) CLAUDIA MENNE ETUC (EU) DAVID YEANDLE EESC (EU) moderated by MICHEL DE JONGE PGGM (NL)

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26 JEROEN LENAERS MEP (EU) BRIAN HAYES MEP (EU) JUTTA STEINRUCK MEP (EU) moderated by CORIEN WORTMANN-KOOL THE POLITICAL PERSPECTIVE ON EUROPEAN PENSION TRACKING - panel debate

27 AMBITION OF THE EUROPEAN COMMISSION ON EUROPEAN PENSION TRACKING STEFAAN HERMANS Head of Cabinet Commissioner Thyssen (EU)

28 SEE YOU AFTER THE BREAK!

29 PROGRAM - PART French initiative Info Retraite - case study Swedish initiative Minpension - case study Next steps from TTYPE - presentation The possible next steps and role of providers and national tracking services - panel debate Presentation of new consortium Wrap up and conclusions Closing and drinks

30 INFO RETRAITE - case study PHILIPPE RETAILLEAU UNION RETRAITE (FR)

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54 MINPENSION - case study ANDERS LUNDSTRÖM MINPENSION (SE)

55 A presentation of minpension.se Anders Lundström, CEO

56 Evolution

57 Public Private Partnerhip Agreement state-insurance Sweden State Insurance industry Board of minpension.se A cooperation between the state and pension companies

58 Development in small steps Pension Coverage index 99% Start 3rd of December Version 2.0 New distribution channels Single sign on New records

59 Market penetration Existing users 2,3 million Existing Target group 3,1 million Eligible group 5,4 million

60 Min Pension in figures 6 4,1 million log on s 6,2 million projections 47% female users 53% men Users and age

61 Multisource access to information Pilot project Direct Phone Distribution via Partners incl SSO Share of traffic Distribution via employers 45% 0,01% 55% 0 % Based on traffic jan 2015

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63 Second pillar occupational pension Sorted by pension company DB/DC pension schemes todays value Fund choices

64 Graphic projection Private pension Occupational pension State pension

65 Swedish pension information survey

66 25 Where do you look for information regarding your pension? Internet Minpension.se Insurance company Bank Family Insurance broker Employer Media Other Primary source Secondary source 10

67 Do you have sufficient information to decide on your future pension? 8% 2% 5% 12% 22% 27% 33% No answer Missing information partly missing information Neutral Sufficent All information I need 30% 40% 10% 3% Non visitor 8% Visitor 30

68 Critical success factors Information/data Standards Individual data Simplicity Accessability/distribution Benefits for all stakeholders necessary

69 Possible proof of concept A first step for ETS?

70 Appendix: Screenshots

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72 Log on

73 First pillar Public pension Income pension Premium pension, fund choice

74 Second pillar occupational pension Sorted by pension company DB/DC pension schemes todays value Fund choices

75 Third pillar private pension Extended policy information Fund choices

76 Projection Projection options Payment options

77 Graphic projection Private pension Occupational pension State pension

78 Projection State pension Occupational pension Private pension

79 Scenario projections

80 Multiple channels Iphone app Android app

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83 NEXT STEPS FROM TTYPE PETER MELCHIOR PKA (DK)

84 T TYPE PROJEC T: Feasible design for an ETS Recommendations for its creation and implementation

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86 WHAT IS NEEDED TO REALISE AND IMPLEMENT AN ETS?

87 ETS 1 2 SERVICE AND ORGANISATION

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89 STEP CHARACTERISTICS Ownership: Governance: Financing: Financing: STEP is not owned by another body Include key stakeholders Free of charge for EU citizens Financed by pension data providers (including NTSs) and the EC

90 FOCUS: Ownership Organisation structure Financing (EU funding?) and business case Prepare STEP Prepare realization ETS

91 ACTIVITY Elaborate design, including: business plan; financing; legal/governance structure; communication strategy.

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94 THE POSSIBLE NEXT STEPS AND ROLE OF PROVIDERS AND NATIONAL TRACKING SERVICES - panel debate ZBIGNIEW DERDZIUK ZUS (PL) NICK GANNON THE PEOPLE S PENSION (UK) STEVEN JANSSEN SIGEDIS (BE) PHILIPPE RETAILLEAU UNION RETRAITE (FR) PETER GRAMKE SOKA BAU (DE) moderated by MICHEL DE JONGE

95 TAKING THE BATON Introduction of the new consortium partners APG MN PGGM PKA SIGEDIS SOKA BAU THE PEOPLE S PENSION

96 PLEASE: HAND IN THE EVALUATION FORM RETURN YOUR BADGE COLLECT YOUR PERSONAL COPY OF THE TTYPE DOCUMENTATION

97 LET S RAISE GLASSES TO EUROPEAN PENSIONS COMING TOGETHER