Image of the financial sector
Mrs. Mulder is the CEO of pr-firm Burson Marsteller in the Netherlands. Burson Marsteller is a worldwide public relations and communication firm headquartered in New York. The firm offers services in the field of crisis management and public affairs management.
Mrs. Mulder discussed reputation management. A reputation is the image that others have of your organisation. Organisations with a good reputation are often more successful. Reputation management helps to build a good reputation among stakeholders. Trust is a very important aspect of a reputation.
In these times when pension funds cannot guarantee anymore that the promised pension will be paid out in full, trust in pension funds is low. Pension funds could communicate tot he various plan members according to their age groups as opposed to sending a message to all plan members regardless of their backgrounds. The purpose of pension fund communication should bet o provide clear and meaningful insight about plan members’ financial pension sitituation.
Even though pension funds are mandatory and plan members cannot choose which pension fund should carry out their plan, it is still important that these pension funds work on their reputation. Perhaps in the (near) future a new pension system may be agreed upon, one that isn’t mandatory anymore. If pension funds start thinking about their reputation only then, it’’ll be too late.