Most self-employed workers don’t expect pensions shortfall, says survey

first_imgAlmost 70% of self-employed Dutch workers (zzp’ers) expect to have sufficient pension savings at retirement, according to a survey of 5,000 workers.The outcome of the survey – commissioned by lobbying organisations ZZP Nederland, PZO and ZZP Pensioen, and conducted by Motivaction – was 10 percentage points higher than a study by pensions think-tank Netspar found last year.In a letter to social affairs minister Wouter Koolmees and parliament, ZZP Nederland and PZO said the survey was triggered by the discussion between the social partners and parliament about the mandatory participation of self-employed in pension funds.They noted that the zzp sector as stakeholder hadn’t been consulted, and argued that the discussions had been based on “incorrect assumptions”. The position of zzp’ers had been one of the stumbling blocks for the failed negotiations for pensions reform, with the trade unions demanding the introduction of mandatory participation.The self-employed, however, strongly opposed mandatory pensions saving and highlighted that they, as entrepreneurs, were capable of looking after their pension interests themselves.Almost six out of 10 zzp’ers intended to save for a pension, the survey found, with 50% of them also having second pillar pension claims accrued from previous jobs.The survey also found that having the option to adjust their pension contribution to fit their income was very important to zzp’ers.It reported that 40% wanted the flexibility to deploy their pension assets for other purposes, such as labour disability.last_img read more

Hammond’s ‘Give Away Budget’ triggers further ‘nightmare’ for UK gambling

first_imgShare StumbleUpon Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Related Articles Share Submit This afternoon, Chancellor of the Exchequer Philip Hammond delivered the UK’s ‘final budget before Brexit’, promising a ‘big give away’ for UK public services and healthcare.Prior to publishing the 2018 Budget, political commentators expected Chancellor Hammond to deliver a fiscal plan which would support PM Theresa May’s autumn declaration that the ‘era of austerity was coming to an end’.Presenting the 2018 Budget, Chancellor Hammond stated that the Conservative government was fully committed to delivering its funding pledge of a £20 billion cash boost for the NHS.As anticipated by industry leadership, Hammond’s increased public expenditure would see the UK gambling sector hit once again with increased duties.Outlining its 2019 tax plan, the UK Treasury will increase Remote Gambling Duties from 15% to 21% on ‘online games of chance’, a figure that has been labelled as a further ‘nightmare scenario’ for industry stakeholders.“I can confirm that we will increase Remote Gaming Duty on online games of chance, to 21 percent in order to fund the loss of revenue as we reduce FOBT stakes to 2 pounds,” Hammond told parliament.Preparing for future duty impacts, industry leadership will likely seek for a clear definition on categorising ‘online games of chance’.The Treasury would later confirm through a policy document that it would implement its long-awaited FOBTs stake reduction on October 2019, alongside the introduction of its increased RGD charge. UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020last_img read more