BELGIUM - The existing law on anti discrimination is ill-suited to pension funds and should be revised to provide extra clarification, according to the Belgian Association of Pension Funds (BPFA).
Hugo Clemeur, secretary general of the BPFA, said the law was inappropriate because issues of ethnic discrimination such as religion or skin colour were irrelevant to pensions. “In pensions, we never...
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
UK/BELGIUM - The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.
NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.