6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr On December 4th, we opened up ticket sales for the 2018 National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards taking place on February 26, 2018 in conjunction with the CUNA GAC. Often referred to as the “Academy Awards” of the credit union movement, this annual dinner presents the highest national awards in the credit union movement. Here are the top 5 reasons why you should attend next year:This year is the 30th anniversary of the dinner. 2018 marks the 30th anniversary of celebrating influential and inspiring leaders from around the globe. For 30 years, leaders in the credit union movement have been coming together to celebrate each other and the power of the movement, and you can be a part of the milestone 30th year!We will be honoring 4 people with Outstanding Individual Achievement Awards. This year is special in that we will be honoring four individuals who have dedicated their lives to the credit union movement. You can join us as we honor Chuck Purvis, President/CEO at Coastal Credit Union; Susan Mitchell, CEO at Mitchell, Stankovic & Associates; Angel V. Castro, President of Castro y Asociados; and Bill Hampel, retired Chief Policy Officer and Economist at the Credit Union National Association (CUNA). You can learn more about each of these winners by clicking here. continue reading »
He said this would depend on pension funds’ future choices, such as their pensions target and the desired level of risk.“Smaller financial buffers would create more potential for better investment results, but would also increase risks,” the CEO said. Van Olphen indicated that APG’s preparations for the introduction of a new pensions system included a focus on simplification of pension arrangements.“During the past 40 years, collective labour agreements and transitional measures have created an accumulation of well-meant schemes and exceptions, which have caused complexity, costs and risks,” he said.“Together with our pension fund clients, we are now trying to push back the multitude of arrangements.”APG carries out the pensions administration for nine pension funds in total, including the €403bn civil service scheme ABP.In October, ABP agreed with workers and employers at the Ministry of Defence that it would replace the final salary scheme for defence workers with pension benefits linked to employees’ average salary, from 2019. Pension funds’ returns could suffer if, in a new Dutch pensions system, their financial buffers were not allowed to temporarily turn negative during times of economic stress, Gerard van Olphen, chief executive of the €453bn asset manager APG, has warned.The Dutch government has said that pension funds’ financial buffers must remain positive at all times as part of a new system currently being negotiated. APG’s CEO said this meant schemes would have to implement rights discounts earlier.“The risk would be that pension funds would want to increase their focus on certainty, which would limit their investment options,” he said.In an interview in IPE’s Dutch sister publication Pensioen Pro, Van Olphen said that a new pensions system with less concrete promises and less fixation on schemes’ funding ratios would in principle offer more freedom for investment, as well as potential for improved returns.