LUXEMBOURG - The Luxembourg House of Parliament has voted in favour of two European directives regarding undertakings for collective investment adopted by the European Parliament and the EU Council on 21 January 2002.
The Luxembourg Investment Funds Association (ALFI) welcomed the move.
One directive regards simplified prospectuses, while the second extends the scope of a directive concerning investments of UCITS.
Member States have until 13 August 2003 to comply with the new directives.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.