Dariush Yazdani, partner and head of PwC’s Market Research Centre, said: “The world is ageing. This is placing considerable strain on already stretched pension fund assets.”He added: “This strain has led many pension funds to examine their foreign investment limits. In recent years, many pension funds have sought to spread their risk and increase yield by increasing their foreign investment limits.”Dutch pension assets were equivalent to an estimated 169% of the country’s €795bn GDP at the end of 2018.The ratio of pension assets to GDP has been increasing during the last few years as pension assets grew much faster than GDP, with a 6.2% compound annual growth rate (CAGR) from 2014 to 2018 compared to a 1.9% GDP growth in the same period, the report disclosed.The pension market in the Netherlands is well developed and is one of the most mature with an €1.3trn estimated assets under management in 2018.Moreover, the market is fairly concentrated, with the largest 10 pension funds holding 74.5% of total pension assets. ABP, the country’s largest pension fund, is on the 2019’s Leaders List of the 25 World’s most responsible asset allocators, PwC said. In 2018, 94% of Dutch pension schemes were defined benefits (DB) schemes. The survey also found that asset allocation of Dutch pension funds is diversified with an estimated 29% invested in equities, 46% in bonds, 3% in money market and 21% in alternative investments.Pension funds in the Netherlands invest around half of their assets directly, with an estimated 50% allocated through investment funds.LimitsFourteen of the surveyed countries, including the Netherlands and Belgium, do not have any set limits to foreign investments for their pension funds.Five countries, including Denmark, Norway and Spain, do not have any investment restrictions as long as the investments are made in OECD member states.Stricter limits apply to pension funds in 11 countries, such as Poland, where pension funds can’t invest more than 30% elsewhere.PwC said these restrictions in particular were the reason that pension funds invested only a small amount of their assets abroad. The stakes of Poland, the Czech Republic and Germany were 8%, 10% and 13%, respectively.ConsolidationThe Dutch retirement industry is strongly consolidating – there are around 250 schemes – as the number of pension funds has been divided by three over the past 10 years and PwC expects this trend to continue.Alongside pension funds increasingly looking beyond their borders, the imbalance between employed contributors and retired beneficiaries is shifting the market towards defined contribution (DC).In 2018, assets in DC plans overtook those is DB for the first time, the survey found. This is as DB plans become less able to address the risks that arise from ongoing demographic shifts across the globe, Yazdani said.DC schemes, on the other hand, are better equipped to do so due to automatic adjustments, he added. Dutch pension funds have had the highest percentage of assets invested abroad, with a percentage of around 87% at the end of 2018, compared to other OECD countries, a survey by PwC has shown.The firm, which examined 31 of the 36 OECD countries for the Association of Luxembourg Fund Industry (ALFI), has found that foreign investment by the countries’ pension funds had risen to 38% from 31% on average since 2014.Within this period, foreign holdings of Dutch pension funds had increased by six percentage points.It said that pension funds in Finland and Portugal came second and third, with 75% and 65%, respectively. In 2018, the UK had invested 22% of its assets overseas.
Lakers, Clippers schedules set for first round of NBA playoffs Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed And he expressed appreciation for his family’s support in hard times: “When your mental health is a problem, the solution is right there. You gotta turn to the people who love you. I mean really love you. Not the fake love. I’m talking about FAMILY. Sometimes I’d be lying in bed, feeling like trash. And my daughter Dior runs in, seven o’clock in the morning like, “Daaaaaaddd, get upppppp! Aaahhhhhhhhhh!!!!!!” Jumping on me, hugging me. And it’s like … damn. I ain’t have that as a kid, you know? That feeling fixes you up for a minute.“You drink a gallon of water a day and you hug your kids? All of a sudden, it ain’t so bad.”Related Articles Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Dion Waiters signed with the Lakers on March 6, hoping to revive his stalled career – only to have the NBA season to stall out March 11 because of the coronavirus pandemic. Nonetheless, the 28-year-old guard took a step forward Monday evening, opening up about past struggles with an entry on “The Players’ Tribune.”His was the first installment in a series called “24,” in which athletes “honor the legacy of Kobe Bryant by sharing 24 truths that have shaped their life.”Waiters, a Philadelphia native, arrived in L.A. after having played just three games this season for the Miami Heat, who suspended him three times for team rules violations before trading him to the Memphis Grizzlies, who cut him.Coach Frank Vogel said in March that the former No. 4 overall draft pick and career 13.2 points-per-game scorer seemed like “a guy ready to move past” issues he’s had this season. “We’re aware of his journey,” Vogel said then. “And we believe he’s somebody who can help us.” Lakers practice early hoping to answer all questions How athletes protesting the national anthem has evolved over 17 years Newsroom GuidelinesNews TipsContact UsReport an Error And he saluted James, who he said mentored him when he was a young player figuring things out as a fellow member of the Cleveland Cavaliers: “Bron used to show me different wines, different kinds of food. I was Philly Philly. I was raw. But Bron took me under his wing – and now all these years later, here we are again. Less hair, more wisdom. Life is crazy, right? Damn.”KUZMA PROMOTES FOOD ACCESSLakers forward Kyle Kuzma is helping promote free grab-and-go meals for families around California, lending his voice to a campaign by the Dairy Council of California. The organization is striving to support food access for families during the pandemic.“I’m working with Got Milk? to get the word out that free school meals are still available at drive-thru sites,” Kuzma said in a social media ad that links to a site map identifying locations of a school nutrition program offering free meal services to children 2-18 years old. “Just drive up in your car grab your meals and go.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersWaiters wrote about those trials in “The Players’ Tribune” piece, describing his experiences with depression and addressing “the plane incident in Miami” in November, when he ingested a cannabis-infused edible on a team flight, resulting in a much-publicized medical incident (but not a seizure, Waiters wrote) and, subsequently, a 10-game suspension.“It’s on me. I own that. It was idiotic on my behalf – point-blank, period,” he wrote. “What’s crazy is, my whole life I been a leader. I’m not a follower. Pat (Riley) knows me. He knows I don’t do drugs. But sometimes when you’re going through dark times, you can fall trap to things you’d never do in your right mind.”Waiters wrote that his 6-year-old son – “six going on damn near 30” – held him to account for that incident: “He’s on Google all day, typing my name. So when I got suspended, he was interrogating me like, ‘Dad, they said you were doing drugs. They said you had a seizure. They said you can’t play no more. What’s going on?’“I had to break it down for him in a way he could understand, like in his little cartoon movies. I said, ‘You know how there’s always a beginning, a middle and an end? In the beginning, it’s all good, right? Spider-Man is doing his thing. He’s discovering his superpowers. He’s chillin’. But in the middle, what happens? The hero always messes up. He gets knocked in the dirt. There’s always a sad part, right? Well, that’s where your dad’s been at. He made a mistake. He lost his superpowers for a minute. But it’s gonna be alright. We’re gonna make it through.’”Waiters also was down on Instagram, writing that it was “a trap. You score 40, you’re a hero. Everybody love you. You score 10, and the hate you get is just … it’s pathetic, bro. Grown… men making fake accounts. Taking the time to really do that.”
FORT ST. JOHN, B.C. – Fort St. John native, Dennis Robertson, will be at the Pomeroy Sport Centre this Saturday, July 13, to present the American Hockey Leauge’s Calder Cup.On June 8, Robertson and the Charlotte Checkers beat the Chicago Wolves 5-3 to win the final series of the AHL 4-1, clinching the Calder Cup.Robertson has played five seasons for Charlotte and this year had played 49 games in the regular season.- Advertisement -In 2011, Robertson was drafted in the 6th round, 173rd overall, by the Toronto Maple Leafs.Robertson and the Calder Cup will be at the Pomeroy Sport Centre this Saturday, July 13, from 10:00 a.m. to 11:00 a.m.
Live Stats Following Sunday’s game, Drake returns to the Knapp Center to host Indiana State on Jan. 12.Print Friendly Version Live Audio ESPN3 Story Links Drake Game Notes Drake (8-7, 3-0 MVC) and SIU (8-6, 3-0 MVC) are tied for first place in the MVC standings after the Salukis defeated UNI, 60-53, in overtime and the Bulldogs raced past Missouri State, 80-68, Friday night. Drake made MVC history with its win over the Lady Bears as the program has won 25 consecutive regular season league games, a streak that started Feb. 26, 2016. The road win broke a tie with Missouri State, which won 24 straight games from Jan. 9, 1999 to Feb. 5, 2000. SIU is off to a 3-0 start in league play for the second time in three seasons and third time since Valley play began in 1992. The Salukis rallied from a 5-point deficit with 3:33 left in regulation and then outscored UNI, 11-4, in overtime to claim their second straight win over UNI in Carbondale, Ill. Freshman MaKenzie Silvey scored a career-high 17 points. Sophomore Becca Hittner (Urbandale, Iowa) scored a game-high 24 points behind a great shooting night of 6-of-10 from the floor, 3-of-5 from deep, 9-of-10 from the free throw line and she added six rebounds. Four other Bulldogs joined Hittner in double figures. Playing just down the road from her hometown, redshirt sophomore Sara Rhine (Eldon, Mo.), recorded her third double-double of the season with 11 points and 10 rebounds. Maddy Dean (Jordan, Minn.) had 12 points and six boards and Becca Jonas (Independence, Mo.) had 11 points and eight rebounds. Junior Sammie Bachrodt (Wichita, Kan.) finished with another impressive all-around performance with nine points, eight rebounds, a career-high seven assists and two steals. Those five helped the Bulldogs dominate on the glass with a 49-27 advantage, including pulling down 14 offensive rebounds and limiting Missouri State to just three. CARBONDALE, Ill. – The Drake University women’s basketball team closes its first Missouri Valley Conference road trip Sunday at Southern Illinois at 2 p.m. The game will be broadcast on The Valley on ESPN3.