May 2019

UN partners with KLP to Identify Financial Investments At Risk

The United Nations Office for Disaster Risk Reduction and KLP, Norway's largest pension company, announced today a partnership to geo-tag financial investments against vulnerability to disaster and climate risk. The UN Secretary-General’s Special Representative for Disaster Risk Reduction, Mami Mizutori, said: “This is a major breakthrough in the world of finance and investment. It is clear recognition of the need to include disaster risk in the investment portfolios of any self-respecting enterprise seeking to avoid exposure to climate and...

December 2018

Financing decent pensions: a challenge for European states

Some 70,000 people took to the streets of Brussels on 28 May 2018. And tens of thousands demonstrated once again in several Belgian cities on 2 October. The trade union mobilisation against the reform of the pension system in Belgium attracted nationwide attention. But this protest movement did not emerge from nowhere. It is, rather, the culmination of many years of discontent. The federal government undertook to reform the entire pension system, to cope with Belgium’s ever-ageing population, from the...

June 2018

Towards an Equitable and Sustainable Points System. A Proposal for Pension Reform in Belgium

By Erik Schokkaert (Catholic University of Leuven (KUL)), Pierre Devolder (Catholic University of Louvain), Jean Hindriks (University of London - School of Economics and Finance) & Frank Vandenbroucke (University of Amsterdam) We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for...