Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.
The issue of deploying pension contributions for mortgage payments has been on the agenda for pensions reform in the Netherlands since at least 2011, when trade union RMU came up with the proposal.Last month, social affairs minister Wouter Koolmees said he would assess the possibilities of making it an option for savers in a new pensions system.The researchers at ASRE highlighted that they only looked at the financial impact of using pension contributions for paying off a mortgage, and said that they hadn’t taken any possible legal or practical hurdles into account.Contribution flexibility pros and consResearch published by Tilburg University and the Netherlands Bureau for Economic Policy Analysis last year called for Dutch workers to be granted greater flexibility over how they use their pension savings, claiming the benefits of such freedoms would outweigh the risks.At IPE’s annual conference in Dublin in December, panellists also debated alternative uses for pension contributions.During a panel discussion, Michael O’Higgins – a former chair of the UK’s Pensions Regulator – suggested allowing people to use auto-enrolment savings to pay off student loans faster. Amlan Roy, chief retirement strategist at State Street Global Advisors, added that the US Treasury department and the Department of Labor were considering “lifetime loan-bundling vehicles” to help younger workers pay off student debt.However, Tim Jones, former CEO of UK defined contribution fund NEST, disagreed strongly with the idea, arguing that: “Pension money is for your later life. No ‘ifs’ or ‘buts’.” Using pension contributions to pay off a mortgage would not be a financially attractive option, a survey by the Amsterdam School of Real Estate (ASRE) has suggested.It found that, on balance, the financial advantage of lower initial housing costs would be more than cancelled out by a lower pension income in retirement.The survey found that households using their pension contributions to pay down mortgage debt would have 6% more income during the entire duration of the mortgage.However, these households would also have a 15% lower pension income, it said.
Memphis Depay has set himself the ultimate ambition – to become the best player in the world during his time at Manchester United. Press Association The 21-year-old penned a deal to move from PSV Eindhoven to Old Trafford when the transfer window opens in July and the Holland ace has lofty ambitions of what he wants to achieve in the Premier League. Depay, who has scored 25 goals this season, has a tattoo emblazoned on his chest that reads “dream chaser” and he is setting out to achieve even more in his early career. “His performance on the training ground is different from other trainers. After the World Cup he told me to stay hungry and I told myself to stay hungry. When I made the decision to stay I wanted to be champion and top scorer. I set those goals and I hope to achieve them. “It will be great to have an opportunity to train with him and work with him. Of course I am looking forward. “I want to improve myself but Dutch players have played also in the Premier League and I spoke with many of them. I believe I can be a big player in the Premier League – I showed my ability in the World Cup. “I am very excited. I was always reading about the Premier League. It has been a big dream and one that came true. But is not the end of the dream, it is just starting.” The dream now is more long-term, to dethrone the likes of Lionel Messi, Cristiano Ronaldo and Eden Hazard as the best player in the world. And, with an affinity with former United favourite Ronaldo, Depay has already drawn comparisons to the Real Madrid forward from fellow Dutch international Leroy Fer. Whilst Depay regards Ronaldo as a hero, he also knows he needs to emulate the Portuguese if he is to get close to the dream he is chasing. “I heard Leroy Fer speak about it and it is great to hear that from other players,” he added. “If you read it in the media it is great, but I am 21 and I have not reached the level of Cristiano Ronaldo. “He is a big hero for me and one day I hope to reach that level. He scores so many goals and I want to fight to be one of the best players in the world.” Depay is the first summer signing for United as they look to build on the squad which has all but sealed a return to Champions League football. Meanwhile, United’s executive vice chairman Ed Woodward is likely to shed some light on Van Gaal’s spending plans tomorrow. United will announce their third quarterly results at noon and Woodward will then take part in a conference call with investors when the subject of summer spending is likely to be raised. “‘Dream chaser’ stands for me chasing my dreams,” he said. “I believe I can be one of the best players in the world and I have to dream and believe to achieve. It is tattooed on my chest. “You just have to work every day on your dreams. My dreams started with going to the World Cup and then when I was there I scored two goals – becoming the youngest ever Dutch goalscorer – and I was very happy. “But when the World Cup was finished I realised that was not it. I had to take more on to the pitch – there was more to do. “So after the World Cup in pre-season I spoke to my manager and said I have to keep focused. Scoring in the World Cup was good but not the end of it. Now I am on fire.” Depay opted to remain in the Eredivisie last summer despite plenty of interest following those World Cup goals against Australia and Chile. He revealed his former Holland coach and future United boss Louis van Gaal told him to keep improving on his game before he made a move for the forward – fending off reported interest from Paris St Germain and Liverpool. “He is different,” Depay said of Van Gaal.
Our #Isles STARS of game 4️⃣!⭐️ @RobinLehner⭐️⭐️ @jeberle_7⭐️⭐️⭐️ @Bnelson pic.twitter.com/dXDp4wwpLi— x – New York Islanders (@NYIslanders) April 17, 2019“We have come a long way,” Islanders captain Anders Lee said postgame. “Obviously, nobody predicted this.”Forward Jake Guentzel set the tempo early, scoring the Penguins’ first goal just 35 seconds into the game. However, much like the rest of the series, the Islanders wasted no time in tying the game as Jordan Eberle scored 1:34 later to tie the game at 1-1.Eberle scored one goal in each of the series four games and his six points are the fourth-most in the postseason, trailing Mark Stone and Paul Stasny (eight) and Matt Duchene (seven).Jordan Eberle of the @NYIslanders is the third player in the last seven years to score in each of his team’s first four games of a postseason.The others to do so since 2012: Sean Monahan (w/ CGY in 2017 vs ANA) and Patrick Marleau (w/ SJS in 2013 vs VAN). #NHLStats #StanleyCup pic.twitter.com/vvND91tGUI— NHL Public Relations (@PR_NHL) April 17, 2019Later in the opening period, Brock Nelson tallied his third goal of the series, giving the Islanders a lead they would not relinquish. Josh Bailey added an empty-net insurance goal with 38 seconds left in the game to seal the win.The Islanders limited the Penguins to just six goals in series, a byproduct of goalie Robin Lehner’s solid play. Pittsburgh only got 6 pucks past @NYIslanders netminder @RobinLehner! #NHLTonight #StanleyCup pic.twitter.com/5eFF5d4Hnq— NHL Network (@NHLNetwork) April 17, 2019The series-clinching win was not without its setbacks as the Islanders lost a pair of defensemen to injury. Johnny Boychuk took a Marcus Pettersson slap shot off his left leg seven minutes into the second period. Cal Clutterbuck left the game later in the period after he checked Penguins winger Bryan Rust. Neither man returned to the game, forcing the Islanders to hang on to their lead in the third period shorthanded. For the first time since they clinched the 1983 Stanley Cup, the New York Islanders have swept a postseason series.New York defeated the Pittsburgh Penguins 3-1 at PPG Paints Arena Tuesday night to continue their improbable run. Not expected to compete for a postseason spot this season — much less complete a sweep of the team that has won two of the last three Stanley Cups — the Islanders became the first team to sweep Pittsburgh out of the playoffs since the Blackhawks in 1972. Islanders head coach Barry Trotz could not provide an update on either player postgame. However, now that the Islanders have advanced, they will face either the Carolina Hurricanes or the Washington Capitals in the next round.If the Capitals can build on a 2-1 series and advance, that sets the stage for Trotz to coach against the team he led to the Stanley Cup last season.“I know Washington quite well,” Trotz said.