Ομιλία - Παρουσίαση: Belgian Pension Μarket Philip Neyt, President, European Association of Paritarian Institutions (AEIP) and Chairman of PensioPlus, Belgium

1. Philip Neyt
President of the European Association
of Paritarian Institutions (AEIP)
Chairman of PensioPlus,
the Belgian association of Pension
Funds
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2. IORPs in Belgium
• Flexible framework
• Obligation of means
• Triangular relationship: IORP – Sponsor –
Beneficiaries
• Most IORPs have employee representatives on the
board
• No gold-plating in the implementation of IORP II
In Numbers:
• 192 IORPs
• Total amount of assets: 40,2 billion EUR or 7,5% of
GDP
• 2 million affiliates (Working population 5,5 million)
• Very heterogenic in terms of members, assets,
sponsors and type of pension plans
15%
3%
70%
6%
6%
Assets
Sector funds Muli-employer without economic band
Multi-employer with economic band Mono-employer
Self-employed
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Characteristics:
91%
1%
3%3% 2%
Affiliates
Sector funds Muli-employer without economic band
Multi-employer with economic band Mono-employer
Self-employed

3. Belgium home of pan-European Pension Funds
• 17 IORPs with cross border activities
(BP, ExxonMobil, J&J, Sanofi, Nestlé,
Resaver,…)
• Total amount of assets: 10,7 billion
EUR of which 8 billion EUR for
activities outside Belgium
• 77.000 participants
• Covering supplementary pension
plans in Austria, Bahrein, Cyprus,
Denmark, France, Greece, Hungary,
Ireland, Italy, Jordan, Kuwait, Lebanon,
Lithuania, Luxemburg, Malta,
Netherlands, Oman, , Palestine,
Portugal, Qatar, Saudi-Arabia, Spain,
Switzerland, UK, UAE and Yemen
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4. IORPs in Belgium
Annual return
over x years Nominal Inflation Real
1 4,51% 0,41% 4,10%
3 5,29% 1,17% 4,13%
5 5,24% 1,53% 3,71%
10 5,93% 1,54% 4,39%
20 4,36% 1,83% 2,54%
36 6,64% 1,98% 4,66%
52%
38%
4% 2%
4%
Asset mix
Bonds Equities Real estate Cash Other
4
Return
2020 4,51%
2019 15,24%
2018 -3,07%
Equities
Bonds