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“As key players in capital markets, increasing investment in personal pensions is one of the priorities of the Capital Markets Union. They offer the potential to inject more savings into capital markets and channel additional financing to productive investments.”The Commission said the consultation would help it analyse the case for an EU personal pension framework.It is the latest step taken by the Commission in relation to developing private pensions in the EU, with EIOPA drafted in to provide advice.The Commission noted that its recent consultation built on previous consultations by it and EIOPA “but increases their scope”.In its advice to the Commission, EIOPA favoured a pan-European personal pension product (PEPP) under a so-called 2nd regime, complementing existing private pension products and for voluntary adoption by providers.It stuck by this in its recent, final advice to the Commission.This idea, however, is only one of the options the Commission includes in its consultation, which it said could range from “self-regulatory approaches (cooperation among stakeholders) to more comprehensive EU intervention (harmonising at EU level the national personal pension regimes)”.It floats four possible approaches on that spectrum, one of which is a European personal pension account akin to the Individual Retirement Account (IRA) in the US.Margot Jilet, policy adviser at PensionsEurope, said this looked like a new option the Commission was considering.“They haven’t skewed the consultation toward any one approach,” she told IPE. “That’s in line with what they previously indicated – that they would adopt a broad consultation.”Indeed, the Commission said it aimed to build on EIOPA’s advice and “widen the range of possible options and stakeholders consulted”.The Commission’s consultation on private pensions was expected to be published in early July but is said to have been delayed as a result of the Brexit-spurred resignation of the UK’s commissioner, Jonathan Hill, in charge of the financial stability, financial services and CMU brief.Latvia’s Valdis Dombrovskis has succeeded him.Speaking at the PensionsEurope conference in Brussels on 23 June – the day of the UK referendum – Hill told delegates the Commission would be launching a consultation on personal pensions before the summer break, and that a feasibility study was already underway.He said a public hearing would be held in October; it is now said this could be delayed.The consultation closes on 31 October.,WebsitesWe are not responsible for the content of external sitesLink to European Commission “Public consultation on a potential EU personal pension framework” The European Commission has launched a consultation on a potential EU framework for personal pensions, which builds on previous consultations by it and the European Insurance and Occupational Pensions Authority (EIOPA) but has broader scope.The consultation is public and aimed at identifying potential obstacles to the take-up of third-pillar pension products. It is part of the Commission’s Capital Markets Union (CMU) project, which aims to develop the capital markets in the European Union to boost economic growth, in particular by freeing up financing for small and medium-sized enterprises (SMEs).“The consultation,” it said, “will enable the Commission to assess what can be done at EU level to support a wider choice of personal pensions competing across borders.
Bodies of Migrants taken from the sea Up to 200 people are feared dead after two boats packed with mainly African migrants bound for Italy sank off the coast of Libya.Reports say over 200 were rescued by the Libyan coast guard.A security official in the western town of Zuwara, from where the overcrowded boats had set off, said there were around 400 people on board on one of the boats.The first boat is said to have signaled for help on Thursday.The other boat with 400 migrants on board capsized later on.Many appeared to have been trapped in the hold when it capsized.By late in the evening, the Libyan coast guard rescued around 201, of which 147 were taken to a detention facility for migrants in Sabratha, west of Tripoli.The migrants on board were from sub-Saharan Africa, Pakistan, Syria, Morocco and Bangladesh.Many of the migrants make the risky journeys in overcrowded boatsAnother local official and a journalist based in Zuwara confirmed the sinking but also had no information on casualties.The migrants on boardwere from sub-Saharan Africa, Pakistan, Syria, Morocco and Bangladesh, the security official said.Zuwara, Libya’s most western town located near the Tunisian border, is a major launchpad for smugglers shipping migrants to Italy.Cross-border smuggler networks exploit the country’s lawlessness and chaos to bring Syrians into Libya via Egypt or nationals of sub-Saharan countries via Niger, Sudan and Chad.More than 2,300 people have died so far this year in attempts to reach Europe by sea, compared with 3,279 in the past 12 months, according to the International Organisation for Migration.It comes as thousands of migrants and refugees a day are travelling between Greece to Hungary as they seek a better life in the European Union.
“It was on Dec. 25. I was in Manilabecause I was supposed to return to Kuwait to work as a domestic helper,” deAsis related. Left with two children, aged 19 yearsand 16 years, she said the financial aid she received from the provincialgovernment could help them start anew. Aside from cash, the provincialgovernment also promised to provide her a job. Pador said the assistance could help thefamilies settle their burial expenses and support their daily needs. In a separate interview, PSWDO head, Dr.Neneth Pador, said the provincial government would also find a scholarshipprogram for her two remaining children. ILOILO City — Nothing could assuage the grief of a 36-year-old woman fromBarotac Nuevo town after she lost her husband and three children to TyphoonUrsula on Christmas Day, but the assistance from Iloilo’s provincial governmentcould help her move forward. Andria de Asis (center), whose husband and three children perished during the onslaught of Typhoon Ursula on Christmas Day, receives financial assistance from Iloilo’s Provincial Social Welfare and Development Office head Dr. Neneth Pador (left) and provincial administrator, lawyer Suzette Mamon, on Jan. 17, 2020. PNA In total, the PSWDO released P320,000 tothe families of Ursula victims. She recalled the tragic Christmas Eve inBatad town where her family spent their vacation. Meanwhile, a cash-for-work program wouldbe arranged to assist families whose houses were damaged by the typhoon, shesaid. (With a report from PNA/PN) De Asis received P80,000 as her husbandRoel, 41; their children Rose Mae, 15; Roel Jr., 10; and Rhianna, 3, perishedin a flood caused by the typhoon. “I am thankful, but the pain is stillhere as no amount could equate to human life. Still, I am thankful to Gov.Arthur Defensor Jr. as our problem in (the) financial aspect is at least beinggiven a solution,” Andria de Asis said in an interview on Friday. De Asis and 15 others who lost familymembers during the onslaught of “Ursula” each received PHP20,000 in cash fromthe provincial government through the Provincial Social Welfare and DevelopmentOffice (PSWDO).
As we move into mid September, many of you are spending your weekends following your favorite college football team. What started out to be simple rivalries in the Ivy League Schools has grown into a multi-billion dollar industry. I can’t believe someone like Alonzo Stagg could have imagined going to the University of Michigan on a bright September Saturday along with 110,000 of his closest friends to watch Michigan play Eastern Michigan. Not only are these crowds enormous, but the competition for having the biggest stadium keeps growing. Even if you are not part of one of the power conferences, your alumni believe they need a 50,000 to 60,000 seat stadium. If you ask the president of any university and (if he gives you an honest answer) his main task is not producing Rhodes Scholars but filling the athletic venues. President Gee of Ohio State lost his job because he made a joke about Notre Dame and their football program. No one bothered to check what the university accomplished under his leadership in academics when he opened his mouth about college sports. This shows you where the focus is as far as media is concerned in college today. You are a good college president if your athletic department is making money. You get little recognition if your graduation rate is the highest in the nation but you don’t win football games. What has happened to our values that beating your arch rival has become more important than educating your students?
Ripley County, IN —The road closure on U.S. 421 between U.S. 50 and C.R. 300 N. in Ripley County is planned on Wednesday for chip seal operations. The closure is weather dependent and will be rescheduled if necessary. Access will be maintained for local residents, all thru traffic should utilize S.R. 129 and S.R. 350 as alternate routes. Following work on U.S. 421, crews will move to S.R. 101 between U.S. 50 and I-74
RelatedPosts Ighalo: My best moment as ‘Red Devil’ David Silva recovers from COVID-19 Neuer crowned Player of the Month for August UEFA is proposing to play the Champions League final on the last Saturday in August as talks continue over rescheduling the completion of the European and domestic seasons. The final was due to be played at the Ataturk Stadium in Istanbul on May 30, but could now be pushed back to August 29 as a result of the coronavirus crisis. The Europa League final in Gdansk has been earmarked for August 26. Four Champions League last-16 second-leg ties have still to be concluded, including Manchester City against Real Madrid at the Etihad Stadium and Chelsea’s trip to Bayern Munich. But there have been discussions about playing the matches between July 28 and 29, with the rest concluded in August. Europa League ties would, in theory, be played in the same weeks although there are still 10 last-16 matches to factor in – two first-leg ties and eight second legs. Manchester United hold a 5-0 away first-leg advantage over LASK, while Wolves face Olympiacos at Molineux, having drawn 1-1 in Greece. UEFA is open to playing European matches concurrently with domestic games but the strong preference of many clubs has been to finish their own league campaigns before turning their attention to Europe. UEFA has also discussed the possibility of playing the remaining Champions League and Europa League ties over one leg if necessary and has even proposed the idea of a mini-tournament, where all the quarter-final, semi-final and final matches are played over one leg over the course of a week in one location. But the best-case scenario remains for all the existing matches to be played as broadcasters have paid tens of millions to televise games.Tags: Champions LeagueEuropa League
Press Association Van Persie’ has been hugely impressive in his first season at Old Trafford, while Carrick receives his first nomination at the age of 31 after playing a key role in United’s quest for their 20th league title. The biggest surprise is the absence of Swansea forward Michu, who many believe to be the signing of the season. Like Bale, Hazard has also been listed for the Young Player prize, where he faces competition from Christian Benteke, Romelu Lukaku, Danny Welbeck and Jack Wilshere. Welbeck, Wilshere and Carrick are the only English players out of the 12 men nominated. For the first time, there will be a Women’s Player of the Year prize too, with Scotland’s Kim Little amongst those nominated in addition to 20-year-old Arsenal team-mate Jordan Nobbs, who scored a stunning debut goal against Italy in England’s triumphant Cyprus Cup campaign in March. United duo Robin van Persie and Michael Carrick are in contention for the award, while Chelsea’s Juan Mata and Eden Hazard have also been nominated. Liverpool striker Luis Suarez is not surprisingly on the list after his outstanding season, while Gareth Bale has been nominated for both the Player of the Year and Young Player of the Year award. Manchester United and Chelsea both have two players on the shortlist for the 2012-13 Professional Footballers’ Association’s prestigious Player of the Year award.
After four successive league defeats, which came at the back-end of a sequence of just one victory in nine games, the Toffees have managed to halt the slide. Back-to-back 1-1 draws, including against defending champions Manchester City, were followed this week by an FA Cup exit on penalties to West Ham having been reduced to 10 men in the second half. Press Association But results cannot be ignored and Martinez’s side have recorded just one win since November 27 and the Spaniard would dearly love to rectify that against West Brom on Monday – especially as, with no cup action, they do not play again until January 31. “It is important to get a win because that confidence you get with good results you can’t get anywhere else,” he said. “The character shown in coming back against Manchester City was terrific and the work-rate we have shown in the last two performances, especially being down to 10 men, shows the personality and character we have in the group. “Now it is about getting the confidence at a better level to get that win which would give us a real kick for the second half of the season. “The signs from the group, they are very good. Looking at the players who are going to come back soon it will be well timed. “We have nine games left at home and our agenda is to be perfect in every game at Goodison. “We were perfect against Manchester City and we expect to carry that on against West Brom. “It is a game we really want to perform well in and start the period we have in front of us in a good way.” Everton manager Roberto Martinez admits for all the positivity of recent performances, his side have to return to winning ways. Winger Aiden McGeady is suspended following his red card at West Ham. Defender Tony Hibbert is the closest to a return of those currently injured while Sylvain Distin (groin) also has a chance of making the squad. Saido Berahino is set to feature for West Brom after he was banned from driving for 12 months. The striker was due to appear at Runcorn Magistrates Court on Monday, the day of the game, before it was moved forward to Friday. Jonas Olsson remains sidelined, but the defender could be back in two weeks after returning to light training following an Achilles problem, and Jason Davidson is with Australia for the Asian Cup. The Baggies are a point behind Everton but manager Tony Pulis expects them to pull away from any trouble. “I don’t see Everton being in it, they have had a poor run of results but they will pick up, there’s too much quality in the group,” he said. “Before the season started I looked at their squad and thought it was the strongest squad I have seen for years. “Roberto (Martinez) has added to it because of the Europa League, I expect them to go on a run of games and not be anywhere near it.”
An Oakland County man has been charged with multiple sexual assault crimes after police say his son found child porn on his tablet.Michigan State Police troopers responded to a home in Oakland County, Michigan for a report of a runaway.Police say when they got in contact with the boy, he informed them about the child porn on his father’s tabelet.Officials arrested 43-year-old Jeremy David McCallum, after searching the home and finding “large amounts of evidence” of child porn.McCallum was arraigned in Genesee County on 10 counts of first-degree criminal sexual conduct, two counts of felony firearm, one count of child sexual abuse, one count of extortion and one count assault with a dangerous weapon.Police contacted child protective services and the boy was put in the care of other family members.