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Bernardino warns of generational conflict from ageing population

first_imgBut Bernardino went on to stress that the authority’s job was not to replace existing national regulators.“Our job is to promote consistency, to promote convergence,” he said.Significantly, the issue of funding of EIOPA came up.At present the formula is 40% coming from the European Commission, and 60% from member states.“This is definitely not optimal,” said Bernardino.As an EU body, the chairman said he would prefer for 100% of EIOPA’s funding to come directly from the EU.Previous discussions on funding have also seen suggestions from Bernardino and the European Parliament that a levy on the insurance and occupational pensions sector itself could provide financing for the authority – a move the UK’s National Association of Pension Funds previously admitted would be “difficult to resist”.Bernardino also rejected complaints about the proposed holistic balance sheet (HBS), saying: “The HBS is the correct way to achieve a common basis across the EU.” He invited participation in EIOPA’s stakeholder group selection process.Supporting the work of the groups warmly, Bernardino observed: “It is not by hiding things we shall increase trust.” Europe’s ageing population could lead to a generational conflict, the chair of the European Insurance and Occupational Pensions Authority (EIOPA) has warned.The risk was mentioned by Gabriel Bernardino as he outlined the challenges facing the Continental pensions industry, and defended the role played by EIOPA to attendees at the PensionsEurope conference in Brussels.  “Of course we are an independent body,” he said. “Our main objective is to promote convergence of supervisory and consistency practice across Europe.”He said it was very important to have a body that could promote these needs, to the entire sector, covering both insurance and occupational pensions.last_img read more

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All Ireland Final Replay day

first_imgThe two line-ups also appear to be unchanged after both managers named their teams yesterday – choosing not to change the teams that were named to start two weeks ago.However, Dublin manager Jim Gavin has made one positional switch as Diarmuid Connolly moves into full-forward with Kevin McManamon switching to centre-forward.Former Dubs centre back Ger Brennan says that he’d like to see more attacking intent from Ciaran Kilkenny today… Ahead of today’s game, the GAA and the Gardai have asked supporters to avoid using Jones’ Road as a meeting point before and after the game.Several measures will be in place to try and prevent crowd congestion outside the Croke Park Hotel for at least 30 minutes after the full-time whistle.Throw-in at Croke Park is at 5pm.last_img read more

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Rangers extends 32Red shirt sponsorship

first_imgShare Scottish football club Glasgow Rangers FC has confirmed that it has extended its shirt sponsorship deal with UK online casino and betting operator 32Red.32Red has acted as Rangers lead shirt sponsor since season 2014/15. The online gambling company will extend the sponsorship for a further two seasons, as Rangers FC challenges for Scottish Premier League glory.Rangers management detailed that the football club had been offered a number of lucrative shirt sponsorship options, but decided to remain with 32Red maintaining the position. Rangers Managing Director, Stewart Robertson commented: “We are delighted to announce an extended shirt sponsorship deal with 32Red”Updating the media, 32Red’s Matt Booth Chief Commercial Officer detailed that the company was already working with Rangers on new social and fan initiatives for season 2017/18, as 32Red seeks to boost its brand coverage and visibility.“We have enjoyed three fantastic years as the official club sponsor of Rangers FC and we are thrilled to confirm a further two year agreement that will see the 32Red brand feature on the front of the players’ shirts.“Everybody at 32Red would like to thank the staff at Rangers for all their help leveraging the 32Red brand over the past few years and we are excited about the journey ahead.” Share Related Articles StumbleUpon Wayne Rooney speaks from experience to support 32Red’s ‘Know Your Limits’ campaign April 8, 2020 Submit Rangers FC and Ladbrokes end betting partnership  April 14, 2020 32Red brands reports of educational data breach as “untrue and unfounded” January 20, 2020last_img read more

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