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  • Dutch government to oppose EU cross-border pension product

    first_imgIn the compromise, countries could decide individually whether they would allow second-pillar institutions to offer PEPPs.In the Netherlands, this would mean that pension funds and low-cost defined contribution vehicles – known as PPIs – were not allowed to offer third-pillar products.This was in order to protect mandatory industry-wide schemes and maintain Dutch rules aimed at protecting insurers from unfair competition from pension funds.The proposal would not have a fiscal affect in the Netherlands either, as the PEPP would be subject to local tax rules for the accrual and payment of pensions. Sophie in ‘t Veld, MEPSophie in ‘t Veld, Dutch MEP and head negotiator for PEPP on behalf of the European Parliament, chided the Dutch government’s approach.“We have got our way, but are still to vote against the compromise proposal. What sense does this make?” she said in an interview with IPE’s Dutch sister publication Pensioen Pro.The full text of the compromise will become available after the member states have voted on the proposal later this month. The Netherlands is to vote against the introduction of a pan-European third-pillar pension product (PEPP), despite the fact that most of its objections have been addressed during the negotiations.Wopke Hoekstra, the Dutch finance minister, wrote to parliament last week stating that he was satisfied with the outcome of negotiations in December between the European Parliament and the European Council.Nevertheless, the Netherlands would vote against the proposal because of the perceived “limited added value” of the PEPP in the context of the Dutch pensions system. The Dutch parliament also rejected the idea of a European third pillar, Hoekstra added.He said he expected that a compromise would be adopted by a large majority of EU member states.last_img read more

  • FAU, FIU meet in conference play

    first_img Associated Press SENIOR STUDS: Florida International’s Osasumwen Osaghae, Devon Andrews and Trejon Jacob have combined to account for 49 percent of the team’s scoring this season and have scored 54 percent of all Panthers points over the last five games.RAMPING IT UP A NOTCH: The Owls have scored 72.2 points per game across 10 conference games. That’s an improvement from the 67.7 per game they managed over 10 non-conference games.TERRIFIC TAYLOR: Cornelius Taylor has connected on 36.6 percent of the 145 3-pointers he’s attempted and has made 16 of 40 over his last five games. He’s also made 74.4 percent of his free throws this season.SPREAD IT AROUND: Florida International is 7-0 when at least five of its players score 10 or more points and 8-8 when any fewer than that achieve double-figures. Florida Atlantic is 7-0 when four or more players score double-digit points and 7-9 on the year, otherwise.UNDEFEATED WHEN: The Panthers are 7-0 when at least five of their players score 10 or more points and 8-8 when any fewer than that achieve double-figures. The Owls are 7-0 when at least four of their players score in double-figures and 7-9 on the year otherwise.DID YOU KNOW: Florida International is ranked first among CUSA teams with an average of 79.4 points per game. February 4, 2020 FAU, FIU meet in conference playcenter_img Share This StoryFacebookTwitteremailPrintLinkedinRedditFlorida Atlantic (14-9, 6-4) vs. Florida International (15-8, 6-4)Ocean Bank Convocation Center, Miami; Wednesday, 7 p.m. ESTBOTTOM LINE: CUSA foes meet as Florida Atlantic battles Florida International. Florida Atlantic won 91-73 over Marshall in its last outing. Florida International is coming off an 81-76 win over Western Kentucky in its most recent game. ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more

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