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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

  • Rabid dog attacks 4 persons in Concepcion

    first_img“I enjoined everybody to be responsiblepet owners if we have pet dogs it should be fully vaccinated on rabies and theprovince and municipal have a regular program for that,” he said./PN ILOILO – A dog infected with rabiesattacked and bit four residents in Barangay Poblacion, Concepcion, Iloilo. All the victims in these differentbiting incidents on Thursday were now all in good condition after receiving medicaltreatment, town mayor Raul Banias said. Officials ofthe local government unit caught the rabid dog and killed it. They brought itshead to the Regional Animal DiseaseDiagnosticLaboratory sang Department of Agriculture (DA) in Fort San Pedro, Iloilo City where it was found out to have rabies. Banias also reminded the public toimmediately consult a doctor within 24 hours after being bitten by an animal. Heurged residents to assure that their dogs are vaccinated with anti-rabies.center_img Banias advised the four victims to availthemselves of the anti-rabies immunization of the Sara District Hospital inSara, Iloilo. The Provincial Health Office and Gov. Arthur Defensor Jr. willcover the expenses for the immunization, he said. “Only one dog was involved and wascaptured by our employee and then the head was brought to DA for the laboratoryexamination. The result yesterday I was told by Veterinarian IV Dr. DarelTabuada of PVO nga positive sa rabies ang ulo sang ido,” said Banias To allay public fears of contractingrabies too, Banias issued an executive order on Dec. 13, enjoining villageofficials of Barangay Poblacion and Philippine National Police to seize andimpound all stray dogs roaming the town. last_img read more

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