Strong inflows for Belgium's third pillar
BELGIUM - Subscriptions to Belgium's third pillar pensions have reportedly swollen following a government reform, which increased the amount people can save without being taxed from e650 to e780.
The measure, passed by parliament in November, is believed to have prompted individuals to review their mode of pension savings. In Belgium, a third pillar pension can be run alongside a second or first...
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BAPI appoints Van Gutte as secretary general
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
Judge expresses 'serious reservations' about Bonas contribution notice
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.
Dutch and Belgian investors plan to sue Lehman counterparties
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.
European cross-border pensions on the rise
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
Belgian funds fall
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.
