News in brief: 25 November

- Dutch pension fund PME Pensioenfonds will increase pensions for all members by 6.2 per cent from 1 January 2023.

This comes on top of the previous indexation of 1.29 per cent in July 2022. The contribution rate of 27.98 per cent and the pension accrual rate of 1.815 per cent will remain the same in 2023. Due to the latest increase, PME pensioners will receive an average increase of more than €40 a month. PME was unable to increase pensions by the full inflation figure as it needs to retain a buffer due to the uncertainty in financial markets and the expectation that the fund will switch to the new pension system in 2026.

- Aon Netherlands has launched a new online platform for employers to help their workers live financially healthy lives.

Its platform, Happy Wealthy, aims to make employees become aware of their own choices and influence on their income through gamification and storytelling. It will give companies and organisations the ability to fulfil their role as responsible employers by offering their workers an accessible platform for financial education. “We make topics such as pensions, sustainability, and money and behaviour understandable and fun with stories and game elements,” commented Aon Wealth Solutions senior customer coordinator, Jacqueline Rosbergen.

- Finnish pension company Varma received four stars in the 2022 GRESB assessment of real estate responsibility.

This is the second highest rating and Varma came out on top of Finnish real estate investors of the same type. In the comparison group of all European real estate investors, Varma came in 21st place. The pension company received full marks for its responsibility principles and management. Overall, Varma received 86 out of 100 maximum points, with the average Finnish real estate investor receiving a score of 73 points.

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