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Dutch telecoms provider KPN to introduce retirement flexibility

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first_imgThe €10bn pension fund of Dutch telecoms giant KPN said it would offer its participants the option of variable benefits at retirement.The move will allow retirees to avoid having their full pension rights converted into annuities, which have dropped in value in recent years due to low interest rates.In its annual report, the KPN scheme said participants with defined contribution (DC) arrangements would be able to choose between traditional fixed benefits from an annuity or payments that could vary over time.The choice was made possible by new legislation (Wet Verbeterde Premieregelingen) introduced in September 2016 that allowed for continued investment of part of a members’ accrued pension assets after retirement. KPN is one of a small number of schemes to introduce this option of variable benefits.Many pension funds, including the Pensioenfonds PostNL and BpfBOUW, have said they won’t introduce variable pension payments.Under the new legislation, participants in a DC plan have the right to shop around when their pension fund merely offers a single benefit option, which is almost always a fixed payment.As a consequence of few pension funds taking up the new rules, participants who want to continue investing have to turn to insurers, including Aegon, NN, Delta Lloyd and Allianz, which offer variable benefit arrangements.The KPN scheme said its decision was triggered by 8,000 deferred participants of the former pension fund of ICT firm Getronics – taken over by KPN in 2007 – who joined the Pensioenfonds KPN last year.At the Getronics scheme, which liquidated last year, many participants had accrued pension rights under DC arrangements.last_img read more

Lakers claim Giannis Antetokounmpo’s brother Kostas off waivers

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first_imgInitially drafted 60th overall by the 76ers in 2018, 21-year-old Kostas played two games for the Mavericks last season.Kostas made 40 appearances for the Texas Legends in the G League, averaging 10.6 points, 6.2 rebounds and 1.3 blocks. Related News Lakers’ Anthony Davis has no regrets on trade request: ‘I’m a grown man’ Troy Daniels says he was recruited to Lakers by Anthony Davis Quinn Cook on new-look Lakers: ‘It feels like this team has been together for a while’ Kostas Antetokounmpo — the younger brother of the reigning MVP and Bucks superstar — arrives from the Mavericks on a two-way contract. From Athens to L.A. The journey continues for @Kostas_ante13.Welcome to the #LakeShow, Kostas! https://t.co/16MRALTCJk— Los Angeles Lakers (@Lakers) July 22, 2019 The Lakers have been awarded the rights to Giannis Antetokounmpo’s brother Kostas on a waiver claim.last_img read more

Continental Mills adds Krusteaz Butter Protein Pancake mix

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first_imgContinental Mills adds Krusteaz Butter Protein Pancake mixPosted By: News Deskon: September 27, 2017In: Bakery, Confectionery, Food, Industries, Innovation, New productsPrintEmailContinental Mills is looking to tap into the popularity of high protein products with the launch of Krusteaz Butter Protein Pancake mix.Featuring a plant-based wheat protein, sweet cream buttermilk and non-GMO ingredients, the new pancake product is said to contain ‘13g of protein per serving’.For consumers looking to further boost their protein intake, the new mix also features instructions for alternative preparation by adding milk or eggs.Joining a Krusteaz product line which includes mixes for waffles, cookies, muffins and bread, the pancakes are created by just adding water to the mix.Continental Mills president Andy Heily said: “We know that more and more consumers are looking for better-for-you versions of their favourite foods.“Our new pancake delivers not only the benefits of protein, but the taste and texture that other protein pancakes are lacking. Our version is light and fluffy with a hint of sweet from the buttermilk.”Krusteaz culinary specialist Malia Hasegawa claimed the new pancakes taste ‘phenomenal’, stating: “Whether you’re looking to add a little extra boost to a leisurely family Sunday breakfast or fuel up before a hectic weekend of soccer practice and baseball games, or even enjoy for the new breakfast for dinner trend, this is sure to become a staple the whole family will enjoy.”The Krusteaz Buttermilk Protein Pancake is now available in the US with a recommended retail price of $4.99.Share with your network: Tags: baking mixesContinental MillsKrusteaznew productUnited Stateslast_img read more