Brussels calls on member states to support ‘collective’ pension savings

first_imgEuropean Union member states must promote “collective” pension savings vehicles, the European Commission has urged.Releasing its annual growth survey, the European executive also praised efforts by a number of countries in reforming their first-pillar pension systems, arguing that a majority of member states had amended systems to “better withstand” the impact of increased longevity.It noted, however, that the reforms could result in further “challenges” and insisted that, to ensure the success and continued support of state pension reforms, steps needed to be taken to maintain retirement income levels, extend working lives or provide other sources of income through “complementary” pension savings vehicles.“Member states,” the report continues, “need to support the development of collective and individual pension plans to complement public pension schemes, including by removing obstacles at European level.” Social partners, it says, also have an important role to play, depending on the circumstances.The reference to collective and individual pension plans is likely to be an attempt to present both second and third-pillar pension saving as viable ways of increasing income on retirement.Olivier Guersent, the most senior civil servant within the Financial Stability, Financial Services and Capital Markets Union directorate general, recently suggested the pan-European pension product developed by the European Insurance and Occupational Pensions Authority (EIOPA) could play an important role in developing pension saving where occupational systems were not in place.At the same event, EIOPA chairman Gabriel Bernardino suggested there was space for a pan-European occupational defined contribution system.The Commission’s report comes only a few months after social affairs commissioner Marianne Thyssen argued in favour of greater supplementary savings, while acknowledging the “limited” ability of many households to contribute to such systems.last_img read more

Arsenal to hand Aubameyang new £250,000k deal after FA Cup heroics

first_img It is believed the 31-year-old Gabon international is looking for a new deal worth £250,000-a-week and the Gunners are said to be willing to pay up to keep their goal hero at the Emirates Stadium. But former Arsenal winger Perry Groves has told talkSPORT he’d be happy for Aubameyang to be given £500,000-per-week to sure he stays at Arsenal, insisting the striker would deserve those astronomical wages. “I know we’re in difficult financial times, but if they said Aubameyang is on £400,000 or £500,000 a week, that wouldn’t bother me at all,” he said on talkSPORT’s Final Word on Sunday. Read Also: UEFA Champions League ready to restart, at long last “Fans get the hump with players who are on a lot of money and don’t deliver and don’t look like they care. “But some players warrant it and he does, because he delivers.” FacebookTwitterWhatsAppEmail分享 Arsenal are ready to hand Pierre-Emerick Aubameyang a new contract worth £250,000-a-week after his FA Cup heroics against Chelsea. The Gunners’ talisman goalscorer and captain underlined his unquestionable importance to the club with a fine performance when it mattered on Saturday, as his double led the club to a historic 14th FA Cup win. And manager Mikel Arteta has challenged the striker to commit himself to the club, saying he can become one of Arsenal’s all-time great strikers if he does. According to the Daily Mirror, Arsenal are ready to begin ‘serious negotiations’ over a new contract for Aubameyang, after he also helped the club secure a place in next season’s Europa League by winning the cup. He has entered the final year of his current £180,000-a-week deal, although that features a 12 month extension clause worth £20m for one season which must be triggered by December 31. But it is claimed Arsenal want to offer him fresh terms to remove that clause and secure his long-term future at the club. Loading… Promoted ContentArchaeologists Still Have No Explanation For These DiscoveriesCouples Who Celebrated Their Union In A Unique, Unforgettable Way8 Things To Expect If An Asteroid Hits Our PlanetIf Zodiac Signs Were Women: Amazing Artwork By Vivien Szaniszlo7 Non-Obvious Things That Damage Your PhoneA Hurricane Can Be As Powerful As 10 Atomic Bombs7 Ways To Understand Your Girlfriend BetterBirds Enjoy Living In A Gallery Space Created For Them7 Theories About The Death Of Our UniverseWhy Do So Many Digital Assistants Have Feminine Names & Voices?7 Worst Things To Do To Your PhoneHere Are The Top 10 Tiniest Mobile Phones On The Planet!last_img read more

Trump lauds NFL policy banning kneeling for national anthem

first_imgVolcano watch: Island fissures steaming, lake water receding “I think that’s good,” Trump said in the interview that taped Wednesday. “I don’t think people should be staying in the locker rooms, but still I think it’s good. You have to stand proudly for the national anthem. Or you shouldn’t be playing, you shouldn’t be there. Maybe you shouldn’t be in the country.”Trump last fall called on team owners to fire players who followed former San Francisco 49ers quarterback Colin Kaepernick’s lead by kneeling during the national anthem. During a rally, he referred to an NFL player making a gesture during “The Star-Spangled Banner” as a “son of a bitch” who should be fired.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe president’s comments spurred a national conversation about patriotism and the nation’s symbols and the use of peaceful protest. Trump said in the interview that he thought “the people” pushed for the new policy.“I brought it out. I think the people pushed it forward,” Trump said. He added: “you know, that’s something ideally could have been taken care of when it first started, it would have been a lot easier, but if they did that, they did the right thing.” Jury of 7 men, 5 women selected for Weinstein rape trial Dave Chappelle donates P1 million to Taal relief operations Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Don’t miss out on the latest news and information. Steam emission over Taal’s main crater ‘steady’ for past 24 hours Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew View comments Nadine Lustre’s phone stolen in Brazilcenter_img Sports Related Videospowered by AdSparcRead Next Winfrey details her decision to withdraw from Simmons film MOST READ PSL beach volleyball: Foton advances to playoffs at expense of Smart President Donald Trump speaks during a roundtable on immigration policy at Morrelly Homeland Security Center, Wednesday, May 23, 2018, in Bethpage, N.Y. (AP Photo/Evan Vucci)WASHINGTON — President Donald Trump praised an NFL policy banning kneeling during the “The Star-Spangled Banner,” saying that “maybe you shouldn’t be in the country” if you don’t stand for the anthem.Trump spoke to “Fox & Friends” in an interview that aired Thursday. The policy forbids players from sitting or taking a knee on the field during the anthem but allows them to stay in the locker room. Any violations of the new rules would result in fines against teams.ADVERTISEMENT China population now over 1.4 billion as birthrate falls LATEST STORIES In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’last_img read more

Crashed plane found in Panama; girl lives

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan ClarksonTalia’s 12-year-old friend Francesca Lewis survived the crash and was taken to a local hospital with hypothermia and multiple traumas, according to the statement. Klein had been vacationing with his daughter and Lewis at an eco-resort he owns in Panama, said ex-wife Kim Klein in an interview with The Associated Press. By Juan Zamorano The Associated Press PANAMA CITY, Panama – The bodies of two American passengers and the Panamanian pilot of a plane that crashed over the weekend were found Tuesday in the mountains of this Central American nation, officials said. A 12-year-old American girl survived. Chief executive officer of Santa Barbara-based Pacificor LLC, Michael Klein, 37; Talia Klein, 13; and pilot Edwin Lasso, 23, were found dead in a mountainous region of Panama known as Las Ovejas, about 270 miles west of the capital, the civil protection agency said. last_img read more


first_imgDeputy Padraig Mac LochlainnSINN Féin Justice Spokesperson Pádraig Mac Lochlainn TD has announced that the party will publish legislation to amend Section 30 of the Garda Síochána Act 2005 to exclude local community festivals and events from being subject to charges for policing services. He says his party will introduce this Bill to the Dáil as soon as possible.Speaking after challenging Minister for Justice Frances Fitzgerald on the issue in the Dáil today, Deputy Mac Lochlainn said: “I am not satisfied with the Minister Fitzgerald’s response to the issue.“The Minister contends that a policy review and possible non-binding policy changes are required to address these charges. Sinn Féin does not agree with this contention.“What is needed is a clear legislative provision that is binding on An Garda Síochána, so that local festivals, charity fundraisers, and voluntary events can organise their activities with the assurance that they will not, under any circumstances, be charged for policing services.“Only a change to the legislation can offer this assurance and that is why we will be publishing the bill. “The Sinn Féin Bill is clear in its objectives. An Garda Síochána will not be permitted to charge for the policing of local cultural or heritage festivals, charity fundraisers, local events that are organised on a voluntary basis and events where profit generated is invested in full for the benefit of the local community.“The work that such committees and voluntary groups do is commendable. We must support all their efforts to fundraise, organise and sustain such events.“These festivals and events provide vital tourism and recreation for many rural towns and villages across the State.“Sinn Féin supports the work of these groups and will seek to protect them from exorbitant charges that undo any fundraising or grants that the festival or event may have had.”SINN FEIN BID TO EXEMPT LOCAL FESTIVALS AND COMMUNITIES FROM GARDA CHARGES was last modified: July 7th, 2015 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Padraig Mac LochlainnSINN FEIN BID TO EXEMPT LOCAL FESTIVALS AND COMMUNITIES FROM GARDA CHARGESlast_img read more