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

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

CORIEN WORTMANN-KOOL ABP (NL)

PROGRAM - PART 1 13.45 Welcome and introduction by Martin Siecker (EESC), Harry Vossebeld (TTYPE/PGGM) and Marianne Thyssen (EC) 14.00 Guy s pension - animated video 14.05 A feasible design - TTYPE results 14.40 How is the design perceived by potential users - panel debate 15.10 The political perspective on European pension tracking - panel debate 15.45 Ambition of the European Commission on European Pension Tracking 16.00 Break 16.30 Start of Part 2

MARTIN SIECKER EESC (EU)

HARRY VOSSEBELD PGGM (NL)

MARIANNE THYSSEN Commissioner (EU)

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

A EUROPEAN PENSION TRACKING SERVICE A must have

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

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

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

Understanding your pension:

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

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

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

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

QUESTIONS?

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)

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

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

SEE YOU AFTER THE BREAK!

PROGRAM - PART 2 16.35 French initiative Info Retraite - case study 16.50 Swedish initiative Minpension - case study 17.05 Next steps from TTYPE - presentation 17.20 The possible next steps and role of providers and national tracking services - panel debate 18.00 Presentation of new consortium 18.05 Wrap up and conclusions 18.15 Closing and drinks

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

MINPENSION - case study ANDERS LUNDSTRÖM MINPENSION (SE)

A presentation of minpension.se Anders Lundström, CEO

Evolution

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

Development in small steps Pension Coverage index 99% Start 3rd of December Version 2.0 New distribution channels Single sign on New records 2 000 000 2004 2006 2008 2010 2012 2014

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

Min Pension in figures 6 4,1 million log on s 6,2 million projections 47% female users 53% men Users and age 60-50 - 60 40-50 30-40 20-30 0-20 0 200.000 400.000 600.000 800.000 1.000.000

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

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

Graphic projection Private pension Occupational pension State pension

Swedish pension information survey

25 Where do you look for information regarding your pension? 20 15 10 5 0 Internet Minpension.se Insurance company Bank Family Insurance broker Employer Media Other Primary source Secondary source 10

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

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

Possible proof of concept A first step for ETS?

Appendix: Screenshots

Log on

First pillar Public pension Income pension Premium pension, fund choice

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

Third pillar private pension Extended policy information Fund choices

Projection Projection options Payment options

Graphic projection Private pension Occupational pension State pension

Projection State pension Occupational pension Private pension

Scenario projections

Multiple channels Iphone app Android app

NEXT STEPS FROM TTYPE PETER MELCHIOR PKA (DK)

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

WHAT IS NEEDED TO REALISE AND IMPLEMENT AN ETS?

ETS 1 2 SERVICE AND ORGANISATION

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

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

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

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

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

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

LET S RAISE GLASSES TO EUROPEAN PENSIONS COMING TOGETHER