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 Guys 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 LUNDSTRM | MINPENSION (SE)

A presentation of minpension.se
Anders Lundstrm, 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

Min Pension in figures

4,1 million log ons

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?

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 PEOPLES 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 PEOPLES PENSION

PLEASE:
HAND IN THE EVALUATION FORM
RETURN YOUR BADGE
COLLECT YOUR PERSONAL COPY
OF THE TTYPE DOCUMENTATION

LETS RAISE GLASSES

TO EUROPEAN PENSIONS
COMING TOGETHER