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.
… Jada Mohan fails to take Marian Academy over President’s CollegeYANNICK Tappin, the Mackenzie High School (MHS) point guard, was a ‘man amongst boys’, as he poured in a tournament-high 44 points, to lead his team to a 91-76 points victory over the Linden Technical Institute (LTI).As a result his team won this year’s Youth Basketball Guyana (YBG) Titan Bowl, which wrapped up on Sunday at the Cliff Anderson Sports Hall.In the Girls’ final, despite a game-high 19 points by basketball protégé Jada Mohan, Marian Academy lost 23-24 to President’s College (PC) in an entertaining encounter.Meanwhile, Tappin, after showing off his skills and the reason he’s probably one of the top High School ‘ballers’ in Guyana, the eventual Most Valuable Player (MVP) awardee saved his best performance for last, unleashing an all-round performance unlike any other in the tournament this year.Tournament MVP Yannick Tappin goes hard to basket during his sensational 44-point performance in the final of the YBG Titan Bowl against LTI.He dished out six assists, picking up eight steals and grabbing six rebounds to go along with his 44 points.The Linden Technical Institute had no answer for Tappin, who was supported by Kevlon Cadogan (14 points, seven rebounds) and Leon Benjamin (13 points, 11 rebounds).Jamal Gilkes had a huge game on both ends of the floor for LTI, scoring 18 points and hauling in 15 rebounds. He had the support of Dillon Pellew (14 points, 10 rebounds) and George Yearwood (13 points).In the female final, Mohan, known as the best female player in Guyana, did all she could but her great performance was not good enough to stop Marian Academy from falling to President’s College (23-24).Mohan, along with her 19 points, had six steals and seven rebounds, but it was PC’s Roschelle Campbell’s six points, 15 rebounds and three steals that made the difference.Annalisa Barclay also turned in a good performance for ‘PC’ netting seven points, and grabbing five rebounds.This year’s ‘Titan Bowl’ was the seventh edition of the YBG showpiece, which marks the end of their school’s basketball season.
“It’s not easy if you in particular are reading your own name in trade rumors,” Kerr said Saturday (per the San Francisco Chronicle). “Anything like that is difficult. I think you understand, after you have been in the league for a few years, that it’s part of the deal.”Kerr went on to say handling the speculation is simply part of the job. Related News Warriors coach Steve Kerr weighed in on speculation surrounding Kevin Durant’s future, though Kerr didn’t reveal any new details. Kerr spoke about the rumors swirling and said it’s not always easy for Durant to have his name in headlines as the media speculates his future. The 30-year-old forward can opt out of his contract after the season and is expected to become a free agent. NBA wrap: Warriors overcome bizarre night from Stephen Curry to top Lakers Durant is already rumored to potentially join LeBron James with the Lakers or head to the Knicks, but Durant said earlier this season that money will be a big factor in his decision.Durant has helped the Warriors win back-to-back NBA championships since joining Golden State in 2016, earning Finals MVP awards each time.Durant, a nine-time All-Star, is averaging 27.5 points, 7.1 rebounds and six assists this season. “You get paid a great salary to play basketball for a living and the upside is pretty awesome, but there are some things that are difficult to deal with as well,” Kerr said. “That’s your job, and you have to do that.”