Act now for pensions reform - IMF
BELGIUM - Europe needs to "summon the will" to reform pensions as demographics in many countries could make reforms more difficult in the future, said Raghuran Rajan, economic counsellor and director of the International Monetary Fund's research department.
Giving the Ludwig Erhard lecture in Brussels yesterday, Rajan told delegates that time was running out. “Many of the reforms require older workers to give up some protections and pension rights. But as...
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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.
