Breaking news

The Netherlands has the best pension system in the world

by THEFUTURE.TEAM

October 21, 2024

KEY FACTS

The Netherlands has the best pension system in the world, according to the latest annual ranking of the Mercer consulting company and Monash University, Australia, BTA reports.
The Netherlands tops the ranking, which includes the pension systems of 48 countries, including Germany, France, the United Kingdom, the United States, Japan, China, and India, the New site reports.
Finland is second in the ranking, followed by Iceland, Israel and Singapore. At the bottom of the ranking are India, Argentina, Turkey, and the Republic of South Africa.

KEY CONTEXT

According to the researchers, the Dutch pension system is distinguished by the fact that many of the country’s residents accumulate a pension through work. This means that the system has many participants. It also provides good pensions and has good rules.

The researchers see as good the fact that the Netherlands is moving to a new system where the amount of the pension depends more and more on individual choice. The fact that the participants are consulted about this choice is a plus, Mercer reports.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

KEY QUOTE

“Strong regulations and flexibility, for example in relation to the start date, ensure a sustainable pension system,” said pensions expert Mark Hemskerk of Mercer.

WHAT TO WATCH FOR

The Netherlands could further improve its pension system by reducing the level of household debt and providing greater protection for members’ accrued benefits. The researchers also recommend introducing pension credits for carers of young children.

Kuwaiti Ambassador Advocates For Strengthened Ties Between Cyprus And GCC Nations

by THEFUTURE.TEAM

February 5, 2025

The Kuwaiti Ambassador to Cyprus, Abdullah Musaed Al-Khorafi, has underscored the vital need to deepen dialogue between Kuwait, Cyprus, and the Gulf Cooperation Council (GCC) nations, as well as the broader Arab world. He made these remarks during a luncheon held at his Nicosia residence on February 4, which brought together key diplomatic figures.

The event was hosted in honor of Annita Demetriou, President of the House of Representatives of Cyprus, and was part of a series of high-level diplomatic gatherings organized by the Kuwaiti Embassy in Cyprus. Among the attendees were the ambassadors and heads of Arab diplomatic missions in Cyprus, as well as representatives from the U.S. and Swiss embassies.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Ambassador Al-Khorafi took the opportunity to lead an expanded discussion on pressing regional and international developments, focusing particularly on the Middle East. Topics included the ongoing crises in Syria, Lebanon, and Palestine, with a strong emphasis on how these events affect regional stability.

The luncheon also served as a platform for talks on enhancing cooperation between Cyprus and GCC countries, as well as broader Arab nations. The discussions highlighted opportunities to strengthen ties in key sectors such as education, culture, trade, investment, and tourism. The aim is to build closer connections between people and foster mutual benefits.

In his opening speech, Ambassador Al-Khorafi stressed the importance of promoting dialogue at both governmental and societal levels, not only between Kuwait and Cyprus, but across the entire GCC and Arab world. He expressed his gratitude for the presence of President Demetriou, noting that her participation symbolized Cyprus’ commitment to advancing relations with Kuwait and its regional partners.

President Demetriou, in turn, thanked the ambassador for his hospitality, reflecting on the fruitful discussions and shared goals for enhancing Cyprus’ relations with Kuwait and the wider Arab world. She reaffirmed the importance of cooperation and strategic partnerships between Cyprus and the GCC countries, especially in areas of mutual interest and concern.

This meeting, according to Demetriou, was a testament to the strong diplomatic relations between Cyprus and Kuwait, as well as the ongoing efforts to broaden and deepen ties with the Arab world.