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      Risk Reduction Forum 2019

      The Risk Reduction Forum seeks to arm trustees and scheme professionals with practical insights around best practice, and takeaways they can apply to their own scheme

      • Date: 14 Mar 2019
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      Professional Pensions has launched its inaugural Rising Stars Awards to celebrate the emerging talent in pensions

      • Date: 27 Mar 2019
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      Defined Contribution Conference 2019

      This exclusive one day conference will provide a comprehensive overview of the evolving DC landscape, and examine how Trustees and Pension Scheme Managers can overcome the challenges they face

      • Date: 24 Apr 2019
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      Professional Pensions & PIC Breakfast Briefing

      This breakfast briefing will take a look at the outlook for the risk reduction market - looking in particular at how schemes can best prepare to conduct an insurance transaction, capacity in the market as well as the key factors that are likely to affect both pricing and demand.

      • Date: 30 Apr 2019
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    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

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      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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AMF pension settles dispute with ex-CEO

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  • Giovanni Legorano
  • 24 June 2009
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SWEDEN - Former chief executive of pension firm AMF Christer Elmehagen has agreed to pay back SEK8.6m (US$1.1m) to his old employer in an out-of-court settlement.

AMF spokesperson Cecilia Österholm said Elmehagen moved his personal pension assets from a traditional insurance into a fund insurance plan ahead of an 8% discretionary pension dividend cut the company applied to its clients in February 2009.

Österholm said Elmehagen gained SEK2.6m by moving his assets ahead of the cut, but agreed to repay the full amount.

She said he also agreed to reimburse another SEK6m of a SEK30m pension payment as a result of a disagreement with the AMF board over the interpretation of his pension entitlements.

She added: "On the top of this payment, AMF will receive a reimbursement by the Swedish tax authorities of salary taxes related to his pension. This will bring the total sum AMF will receive to SEK10.1m."

Elmehagen was the chief executive of AMF for 10 years and stepped down in December 2008.
In March, former executive vice president Ingvar Skeberg left the company because he made the same move with his pension. (Global Pensions; March 20, 2009)

At the time, chief executive Ingrid Bonde said Skeberg's actions were not illegal but that "it is impossible for me to accept and defend this type of behaviour".

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