It's sad but a bitter reality, pension cuts are on their way....
We have to admit.., our once so ambitious pension plans got shattered.
What's left is the cartoonized view of an average pension member:
Dutch Perspective
For Dutch pension members and pensioners the situation has become (extra) paradoxical.
Top consulting firms like Mercer and Towers Watson (regularly) rank The Netherlands as one of the best pension countries ever.....
These announcements only bring little consolation......
On top of the Dutch State Treasury Agency illustrates the relative 'strong outlook' of the Netherlands in European perspective.
All this looks quite hopeful, but does it generate the necessary trust?
Hmmmmm...., all these reflections lead to a kind of new mathematical definition of Risk Management:
Risk Management = Trust - Hope
In other words, Risk Management is managing the difference between Hope and Trust......
Faith alone seems not enough.....
What's next?
Key question is in all this pension fuzz is of course: How could this happen?
More technical details in my next blog on Actuary-Info :
Pension Cuts, Why?
Mean time, keep breathing, you're living a longer live......
Sources/Related Links:
- Dutch State Treasury Agency (2012)
- Global Pension Assets Study 2012
- The Melbourne Mercer Global Pension Index (2011)
- List of Top Consulting Firms
- Is Faith Enough?
We have to admit.., our once so ambitious pension plans got shattered.
What's left is the cartoonized view of an average pension member:
Dutch Perspective
For Dutch pension members and pensioners the situation has become (extra) paradoxical.
Top consulting firms like Mercer and Towers Watson (regularly) rank The Netherlands as one of the best pension countries ever.....These announcements only bring little consolation......
On top of the Dutch State Treasury Agency illustrates the relative 'strong outlook' of the Netherlands in European perspective.
All this looks quite hopeful, but does it generate the necessary trust?
New Risk Management Definition
What comes to mind is: was our our pension plan based on hope or calculations we can trust? Is our (Dutch) country recovering plan based on underpinned facts and actions or is it 'pink cloud thinking'.....?Risk Management = Trust - Hope
In other words, Risk Management is managing the difference between Hope and Trust......
Faith alone seems not enough.....
What's next?
Key question is in all this pension fuzz is of course: How could this happen?
More technical details in my next blog on Actuary-Info :
Pension Cuts, Why?
Mean time, keep breathing, you're living a longer live......
Sources/Related Links:
- Dutch State Treasury Agency (2012)
- Global Pension Assets Study 2012
- The Melbourne Mercer Global Pension Index (2011)
- List of Top Consulting Firms
- Is Faith Enough?
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LinkedIn Actuary-Info Group
Very impressive post.Do you know?To become a Qualifying Recognised Overseas Pension Scheme, or QROPS, a pension scheme must apply to and be approved by HMRC. A list of QROPS that have consented to have their names published is available on the HMRC website and is regularly updated.Please visit us to know more: UK pension transfer
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