Poland urged to address pensions to curb deficit
POLAND - The International Monetary fund has urged Poland to focus on pensions and social benefits, including farmer pensions, when developing a fiscal reform package. The IMF said that substantial savings in these and other areas will be key to containing the fiscal deficit while at the same time creating room for raising infrastructure investment.
Princeton goes live with ODW capability
GLOBAL - Investment management and accounting systems provider Princeton Financial Systems is to offer its clients the OpenDataWarehouse (ODW) capability from information processing and computer software services firm, DSTi. ODW is a data hub that collects core accounting information and market data. It serves as a reporting repository and a data gateway that can feed a several downstream applications.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers