EUROPE - The European Federation for Retirement Provision (EFRP) has appointed Angel Martinez-Aldama as chairman and Christian Böhm as second vice chairman.
Joanne Segars and Macello Messori were also elected as directors at the organisation’s general assembly meeting in Lisbon yesterday.
Martinez-Aldama commented he wanted to ensure the EFRP remained the leading voice on supplementary pensions in Brussels.
Martinez-Aldama said: "We would strive to guarantee that the innovative text of the IORP Directive is acknowledged and fully explored.”
He added: “This Directive can deliver tangible results before any wide-ranging review is undertaken.”
Martinez-Aldama has kept his role as director general at Inverco, the Spanish Association of Investment and Pension Funds
Outgoing EFRP chairman, Jaap Maassen said he was proud of the work the organisation had achieved.
Maassen added: “EFRP has supported its Membership to ensure the sound implementation of the IORP Directive. The Federation has also successfully established its Central & Eastern European Countries Forum – CEEC Forum.
He concluded: “EU-enlargement has significantly changed the European pension landscape and EFRP is working very hard to secure an ongoing dialogue with representatives of the new Member States pension systems.”
Messoni is chairman of Assogestioni, the Italian Asset Management Association and Segars holds the position of chief executive, National Association of Pension Funds (NAPF).
Wil Beckers and Robin Ellison left their previous positions as directors, but Becker is to continue his work with the EFRP as chair of the Working Group on Funding and Solvency.
The EFRP represents national associations of pension funds and similar institutions for supplementary and occupational pension provision.
Visit www.globalpensions.com for Q&A interview with Chris Verhagen, secretary general, EFRP.
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Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.