Transcript Hoofdtitel

The Pension Scene in Belgium
Karel Van Gutte
General Secretary
Thuesday 25th October 2011
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Agenda
1. Introduction
2. Some challenges for the future
3. Some orientations
4. And the 2nd Pillar?
5. What is BAPI ?
6. 3 Pillar system
7. A few figures
8. Caracteristics of the Belgian system
9. Final comments
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2. Some challenges for the future
At The Origin of the pensions:
1. No international careers
2. No flexibility
3. Carreers stopped at 60/65
4. Long-Life-Risk
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3. Some orientations
Let’s stick to the principles of “pensions”:
1. Make the 1st pillar strong and balanced
2. Provide greater equality
3. Adjust statutes
4. Make the retirement age variable
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4. And the 2nd pillar?
2 Possibilities:
1. Via a pension fund
2. Or through a group insurer
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5. What is BAPI-BVPI-ABIP?
BAPI and its full members are 100% not-for profit:
1. Organises pension funds & sectoral sponsors
2. 150 full members + 6 associated members
3. 2nd pillar = € 60 bn AUM:
1. € 39 bn= group insurance
2. € 16 bn = pensionfunds
4. Spokesmen
5. Member of AEIP and EFRP
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6. “3” Pillar system
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7. Few Figures
Evolution of the asset mix of pension funds
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7. Few Figures
Annual investment returns since 1985
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8. Caracteristics of the Belgian system
Belgian system selected by AON-Hewitt, Towers Watson..
1. Outsourcing of pension promise
2. Required yield of 3,25/3,75% & cost control
3. Paritarian management
4. Strong social and prudential supervision
5. Necessary to fill the 1st pillar
6. 2nd pillar has a social role
7. Final responsibility of the sponsor
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9. Final comments
1. Important role for social partners
2. Strong first pillar
3. Guarantee for the intrest of the members
4. The odds are good:
1. Growing market
2. Stable social partners
3. Skilled people
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Thank you for your
attention
Questions ?
Karel Van Gutte – Secretary-General
Belgian Association of Pension Institutions
Boulevard A. Reyerslaan 80
1030 Brussels
Tel. : 02/706.85.45 - Fax : 02/706.85.44
E-mail: [email protected]
www.pensionfunds.be
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