Annex Executive summary 5 Year Strategic Plan Today almost 1 in 10 people are over 60 years old. By 2050 the figure will be higher than 1 in 5. Currently 64% of older people live in less developed regions, by 2050 this figure will rise to 80%. In the 21 century a dramatic transformation in population age structures is witnessed: a process of global ageing as population growth rates decline through falling fertility rates and rising longevity. Sustainable and robust pension schemes are, in the view of the Pension & Development Network (P&D Network), the most suitable structural response to the consequences of global ageing, for they allow people to build an independent financial position. In order to develop this innovative solution to poverty, it is important that older people are socially and economically self-reliant, aware of their rights and have access to financial products. The extensive experience with creating pension provisions in the Netherlands is valuable support and inspiration in this process. By developing sustainable pension schemes the right conditions for older people are created, which allows them to live in a socially and economically self-reliant way. Ambitions and direction In order to develop and implement micro pension products worldwide, the P&D Network links pension funds, banks, policy makers and Non Governmental Organisations (NGOs) in the Netherlands to Micro Finance Institutes (MFIs), NGOs and banks in emerging economies. Through the exchange of knowledge and technical experience focusing on the development and implementation of old micro pension schemes, the Pension & Development Network realizes the development of long term saving and insurance products for old age. The P&D Network stands for effective and professional cooperation between its members and local partner organisations. Its mission is to provide support to enhance the capacity of MFIs in developing long term savings and insurance products for old age within the context of poverty reduction. Develop project organization The P&D Network is a project organisation: in all its activities the P&D Network is closely linked with its partners from the Dutch financial sector. By taking a leading role in the management side of its poverty alleviation projects, the P&D Network office allows its partners to fully implement their financial expertise and realize their goals within the field of corporate social responsibility by running projects in emerging economies, ensuring large impact. Outreach & local partners With regards to its outreach, the philosophy of the P&D Network is that the realization of sustainable and effective microfinance solutions for poverty alleviation is in general benefitted by large scale. This is certainly the case when developing and implementing micro pension provisions.
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