Seminarie: ‘OFP’s en nieuwste ontwikkelingen inzake risicobeheer en risicobeheersing’ & ‘Beleggingen en rendementen van Belgische IBP’s in 2012’

Details

Created on Thursday, 04 April 2013 14:37

De Belgische Vereniging van Pensioeninstellingen nodigt u graag uit op haar jaarlijks seminarie over de Beleggingen en rendementen van de Belgische Instellingen voor Bedrijfspensioenvoorziening (IBP’s) in 2012 en de nieuwste trends inzake Risicobeheer en risicobeheersing van OFP’s.

Meerdere eminente sprekers geven ons hun visie over de huidige economische toestand, de nieuwste ontwikkelingen op prudentieel en financieel vlak m.b.t. risicobeheersing.

Uitnodiging:

Review of the IORP directive

Details

Created on Tuesday, 26 February 2013 19:00

The Europe Commission (EC) wants to revise the European Pension Funds Directive (2003/41) and submit a draft to the Council and Parliament for this by June 2013. This Directive is only relevant for a limited number of countries (including Belgium). Various countries (Germany, the Netherlands, UK, Ireland) have explicitly and publicly opposed the present plans of the EC.

At the seminar of the Belgian Association of Pension Institutions (BVPI-ABIP), the Confederation of Britisch Industry (CBI) presented its study into the macro-economic impact of this new Directive .

Other institutions, including the International Monetary Fund (IMF)  and Bank of International Settlements Committee (BIS) , also discuss in studies the negative impact of these plans on European economic development and growth. The European Social Partners (the European Trade Union Confederation (ETUC) and Business Europe) have already expressed their explicit concern in a joint letter to EC President Barroso and various joint press releases ("Commission should reconsider plans on occupational pensions" - “The IORP directive revision - a truly political debate").

Under pressure from different stakeholders last year the EC and the European Insurance and Occupational Pensions Authority (EIOPA) launched a “Quantitative Impact Study”. At the instigation of BVPI 14 Belgian pension funds participated in this.

BVPI-ABIP is convinced that the planned new policy in its present form will have an adverse effect on the further development of additional pensions (increase in absolute and relative wage cost) and on the type of pension plans that employers/social partners will create for their employees (defined benefit -> defined contribution).

The possible contamination of the employer’s balance sheet will according to BVPI lead to present plans weighing negatively on the activities of the Belgian IORPs and their underlying employees. More generally too, due to the fact that pension funds will no longer act as long-term investors (pension funds can no longer invest in the real economy), this will adversely affect further economic development and growth. (Position Paper: Dutch - French)

BVPI-ABIP is of the opinion that the results of this revision of the IORP Directive will not meet the objectives of the White Paper on Pensions, the EU 2020 strategy or the Belgian governmental agreement (dutch - french).

BVPI-ABIP therefore wishes to inform clearly all stakeholders, not only BVPI members but also political players so that everyone, including the Belgian government, can respond appropriately to this present initiative.

BVPI is therefore very pleased with the position of the Belgian government voiced by Alexander De Croo, Vice Premier and Minister of Pensions. Belgium joins with  the criticism already expressed by the Netherlands, Germany, Ireland and the United Kingdom. An IORP II is needed but it must not stand in the way of the development of the pension funds.

In his statement the Minister agrees that IORPs1 play an important part in the second pillar of occupational retirement provision and subscribes to their role as important long-term investors for our economy. The Minister also states that a new regulatory framework for pension funds should ensure a good balance between the stability of the sector on the one hand and growth opportunities on the other.

The Belgian government openly asks the question of whether Solvency II is the right source of inspiration? After all there are fundamental differences between pension funds and commercial companies. The new regulations for IORPs should not be introduced with too much haste. The Quantitative Impact Study (QIS) showed that many things are still unclear here.

BVPI is available for extensive detailed info.

Position Paper BVPI

 Speech Vice Premier and Minister of Pensions Alexander De Croo

 Speech Vice Premier and Minister of Pensions Alexander De Croo

Slides seminar 26 februari 2012

Voorlopige enquete: 2e pijler Pensioenfondsen (IBP’s) + 12,3% gedurende het jaar 2012

Details

Created on Monday, 04 February 2013 15:14

De Belgische Vereniging van Pensioeninstellingen (BVPI) heeft bij een representatief staal van de Belgische 2^e pijler pensioenfondsen (Instellingen voor Bedrijfspensioenvoorziening – afgekort IBP’s) een voorlopige enquête gehouden inzake de financiële resultaten over het jaar 2012.

Ondanks de moeilijke omstandigheden op de financiële markten, met onder meer de crisis rond een aantal landen in de Eurozone, en de lage interestvoeten behaalden de Belgische 2e pijler pensioenfondsen (IBP’s) in het jaar 2012 een positief rendement van +12,3%.

Philip Neyt, voorzitter BVPI:

 “Belgische Pensioenfondsen investeren meer dan 70% van hun activa in de reële economie.”

“Pensioenfondsen blijven dankzij hun gediversifieerde en stabiele activaspreiding en hun lange termijn horizon, hun rol als lange termijn beleggers opnemen.”.

 Op 31 december 2012 zagen we de volgende gespreide activaverdeling:

•   37% in aandelen,
•   49% in obligaties,
•     5% in vastgoed,
•     4% in liquiditeiten,
•   5% in andere beleggingen (voornamelijk infrastructuur, en ook grondstoffen, private equity, verzekeringen, energie ...).

Philip Neyt, voorzitter BVPI:

 “Pensioeninstellingen zijn uitvoerders van afspraken tussen werkgevers en werknemers.

Pensioenfondsen uit de 2^e pijler zijn dan ook geen speculanten, het zijn sociale instellingen met als enige doel om de toekomstige pensioenen van hun aangeslotenen (werknemers en gepensioneerden) zo goed mogelijk te waarborgen.”

Lunchcauserie 24/01/2013 "Crise de L'Euro : la lumière au bout du tunnel ?"

Details

Created on Friday, 11 January 2013 12:47

Dear Members,

Please find on the dutch and french pages of our website the invitation for the upcomming lunchcauserie "Crise de L'Euro : la lumière au bout du tunnel ?” by Natixis and BVPI.

Kind Regards,

the BVPI-ABIP team