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 CHARAC TERISTICS
•
Ownership:
STEP is not owned by another body
•
Governance:
Include key stakeholders
•
Financing:
Free of charge for EU citizens
•
Financing:
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 projec t for each countr y
•
Focus on connec ting 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
16.50
17.05
17.20
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
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
”Pension
Coverage index”
99%
Development in small steps
Version 2.0
Start 3rd of
December
2004
2006
New distribution
channels
Single sign on
2008
2010
2 000 000
New records
2012
2014
Market penetration
Existing users
2,3 million
Existing
Target group
3,1 million
Eligible group
5,4 million
6
Min Pension in figures
•
•
•
•
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
Share of
traffic
45%
Based on traffic jan 2015
0,01%
Distribution via
employers
Distribution via
Partners incl SSO
Direct
Phone
Pilot project
55%
0%
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
Where do you look for information
regarding your pension?
25
20
15
10
5
0
Internet
Minpension.se
Insurance
company
Bank
Family
Insurance
broker
Employer
Primary source
Media
Other
Secondary source
10
Do you have sufficient information to decide on
your future pension?
8%
2%
5%
12%
22%
No answer
33%
27%
Missing information
partly missing information
Neutral
Sufficent
All information I need
30%
10%
3%
Non visitor
40%
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 T YPE
PROJEC T:
•
•
Feasible design for an E TS
Recommendations for its
creation and implementation
WHAT IS NEEDED
TO REALISE AND
IMPLEMENT AN ETS?
1
2
ETS
SERVICE AND
ORGANISATION
STEP CHARAC TERISTICS
•
Ownership:
STEP is not owned by another body
•
Governance:
Include key stakeholders
•
Financing:
Free of charge for EU citizens
•
Financing:
Financed by pension data providers
(including NTSs) and the EC
FOCUS:
•
•
•
•
•
Ownership
Organisation struc ture
Financing (EU funding?) and business case
Prepare STEP
Prepare realization E TS
ACTIVIT Y
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