Four Changes for Employers as the Netherlands Enacts New Pension Regulations

Posted by and on October 29, 2014 | Be the First to Comment


Regulations for employers’ pension plans are changing in the Netherlands and businesses should now begin working with their advisors to adjust to the new rules before the end of 2014. The new changes will need to be incorporated in to plan rules by July 1, 2015.

The four specific regulatory changes that are expected to be approved and clarified this fall include:

  • A cap of EUR 100,000 on the maximum pensionable salary (less state pension offset) provided by an occupational pension plan.
  • A reduction in the maximum pension accrual rates to 1.875 percent for average pay plans and to 1.657 percent for final pay plans.
  • Additional reductions to tax-efficient contribution maximums.
  • A new net salary (after-tax) pension vehicle for those who earn more than EUR 100,000.

Given these changes, it is critical for organizations to begin this process as soon as possible.

Read the rest of our market update to review the points above and learn what additional items employers should pay attention to prior to the end of the calendar year.


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Lockton Provides Resource Guidance on Ebola

Posted by and on October 22, 2014 | Be the First to Comment

Companies across the world are evaluating Ebola-related risk for their businesses and employees. If you have questions, Lockton has resources to help provide you answers. In general, our advice is to exercise an abundance of caution and to look to the Centers for Disease Control and Prevention and the World Health Organization for the latest information.

However, we have also assembled our latest guidance for easy access. Please visit for information and resources on the following:

  • Potential Concerns for Employees & Their Employees (featuring employee communication samples)
  • Prevention & Preparation
  • Risk Management & Insurance Considerations
  • Insurers Response to Outbreak
  • Examining the Risk of Ebola for Healthcare Workers
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14 Steps to a Risk Management Model for the Assisted-Living Environment

Posted by on October 14, 2014 | Be the First to Comment

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The country will soon be entering an era of having the smallest employment base needing to care for the estimated 76 million baby boomers. The healthcare industry – with the assisted-living sector included in a $7.4 billion cost estimate for back injuries - is in great need of safety professionals, armed with strategic risk management plans.

However, staffing levels in the assisted living environment are not as high as skilled care, so a direct-care employee may have upward of 10 to 14 residents under his or her care during a shift. With the added demands of more dependent residents, the potential for occupational injury is compounded with the greatest risks occurring during assistance with bathing, dressing, transferring, and using assistive devices (walkers, scooters, and wheelchairs).

So with rising costs among a high-need population compounded with low staff, how can facilities find solutions to limiting their risk? In my latest white paper, I have outlined 14 steps to implement a comprehensive Assisted Living Risk Management Safety Model to do just that. For example:

  • Step No. 1: Have well-written job descriptions and clearly define the physical demands of the job
  • Step No. 4: Create a safety/risk management team for insurance program oversight
  • Step No. 6: Require safety be a measurement of job performance for all employees
  • Step No. 10: Use Job Hazard Analyses (JHA) to establish best care practices, educate staff, and help hold employees accountable to follow the best practice standards
  • Step No. 14: Develop a comprehensive claims-cost-containment practice and written program with employee performance expectations

You can find further detail about these and the remaining 14 steps, which should reduce the negative impact on human and financial resources to the healthcare industry.


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Property & Casualty Update: Increasing Capacity and Competition Contributing to Further Market Softening

Posted by on September 30, 2014 | Be the First to Comment

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In today’s insurance market, excess capacity and increased competition (for the most part) have created opportunity in negotiating terms and conditions. Depending on the line of business, this has come in the form of flat to reduced rates, multiyear agreements, and/or improved coverage.

Overall, we are seeing an easing of terms and heightened competition for business for clients with good to great loss experience.

This update explores how property has softened as competition has stiffened, including how the London market has “ceased to fly in formation.” Ample capacity has kept casualty rates steady, while capacity has shifted from primary to excess for D&O Coverage.

Read about these developments as well as updates in cyber, the global market, healthcare, and real estate in Lockton’s latest Property & Casualty Update.

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Recall Matters: Learning from the Past and Preparing for the Future

Posted by on September 18, 2014 | Be the First to Comment

production line in modern dairy factory
As with many developing niche insurance markets, the product recall market currently faces a potential crisis of confidence. Losses are building, new regulations and political issues are impacting insureds, and pricing competition and wording creep are making the sector less attractive to insurers.

Many brokers are concerned that client dissatisfaction with wording is making the sector more risky, and they are less keen to invest in expertise and grow their product recall teams. So how do we learn from the mistakes of the past and avoid a potential market dislocation in the future?

Find out my my latest white paper, which you can read here.

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