Resaver postpones personal pension procurement

first_imgThe pre-qualification questionnaire was an early step in a plan to offer pension provision for freelance researchers.According to the consortium, a lesson from the procurement attempt was that the pan-European personal pension product (PEPP) – for which the European Union is laying the groundwork – would be a more suitable solution for mobile researchers.“One key outcome of discussions with potential providers was that personal pensions products are today mainly a local business with limited [cross-border] involvement,” it said. “Large market players are currently not organised in a way to react to this type of pan-European procurement procedures in the personal pension market.”The Resaver consortium had split the procurement into 31 sub-contracts, for each of the countries in the European Economic Area.Filip Hemeryck, senior consulting actuary at Aon Hewitt in Belgium, which advises Resaver, suggested the timing of the procurement process – with the PEPP regulation still going through the legislative process – might have been an issue.For example, one insurance company had indicated the duration of the contract – three years – was an issue because if the PEPP regulation kicked in in the meantime it could not be certain that the product it had proposed for Resaver was the right solution.  The consortium had said its initiative could be considered as a first step up towards a PEPP product for researchers. Resaver said it would likely start a new tender procedure in the near future and was committed to offering cross-border pension provision for researchers without an employment contract.“Experience from the current tender process shows that this issue may be resolved once the PEPP regulations result in real pan-European players [in] this market,” it added.The European Commission published a proposal for a PEPP regulation in June, and the European Parliament’s lead on the PEPP has drawn up amendments. The parliament is due to debate the proposal in the coming months. The Resaver Consortium has postponed a search for personal pension providers because there were too few candidates in the first stage of the procurement.Less than three providers filled in a “pre-qualification questionnaire”, according to an EU tender notification, which the organisation said was not enough to make for a competitive procedure with negotiations. It had therefore decided to stop the procurement “at this point”.In a statement Resaver told IPE: “We believe this to be the best decision for the individual researchers. As we want to have the best solution available currently on the market for the researchers population, postponing seems to be the best strategy.”The consortium is the organisation behind the cross-border pension scheme for European researchers. It already has an occupational pensions vehicle, the Resaver Pension Fund, for researchers with an employment contract.last_img read more

Hazard Criticises Mourinho Over Salah Treatment

first_imgChelsea forward Eden Hazard has rekindled his feud with former club manager Jose Mourinho after he criticised the current Manchester United over his treatment of Egyptian star Mohammed Salah.Salah found playing opportunities hard to come by while he was at Chelsea under Mourinho and that prompted him to leave Stamford Bridge for Italy.Speaking earlier ahead of Chelsea’s clash against Salah’s Liverpool at Anfield. Hazard revealed that the former AS Roma and Fiorentina star was unlucky not to stay longer at Chelsea.In his words, Hazard said: “He was unlucky not to get longer (at Chelsea). He didn’t get the chance — maybe because of the manager.“He has quality but in this period I remember it was me, Willian and Oscar, so for him it was not easy. But he’s a top player for sure.“In training he did everything. Even in the games when he was playing, sometimes he scored goals, so we know the quality he has.” he further added.Speaking further, Hazard said he is still in contact with Salah. The Belgian captain said: “We are still in contact together.”“He’s a top, top, top player.“It is always good to play against a friend. It’s good to have friends in this world because in football you can’t have a lot of friends.“We speak about everything: life, football. I will speak with him this week.“I want to put pressure on him. I want him to do well but not a lot because we want to win.” he concluded.Salah has been in scintillating form since moving to Liverpool from Italian side AS Roma in the summer. He has scored 14 goals in all competitions. Relatedlast_img read more

KC remain on winning trail

first_img Yesterday’s results Rashawn McKinson led the way with a brace as Kingston College cruised to a comfortable 2-0 win over Papine High in the ISSA-FLOW Manning Cup at the Papine football field yesterday. The ‘Purples’ star struck KC’s opener on the stroke of half-time. The assist was impeccably delivered via a long-range free kick from Javain Brown, and McKinson applied the finishing touch. His second goal was from the penalty spot, coolly slotted home in the 82nd minute. The midfielder, with his back to goal, received a bouncing ball, which he deliberately played on to the outstretched hand of defender Oldani Dunkley to win a clever penalty. McKinson skilfully dictated the KC play and was the danger man throughout the game, proving to be their man of the match in three straight games. With the win, KC are unbeaten and top of Group C with nine points from three games. “Well, I am doing good so far. It’s just to train hard and continue the good work. I am a lot older now and have more experience. I have told my coach that I want to score 20 or more goals this season and give as many assist as possible,” McKinson told The Gleaner. He previously missed two penalties against Denham Town High, while scoring four goals. For Papine, captain Tajah Campbell and striker Romario Lynch linked up very well on a few occasions, playing through balls, which opened up the KC defence, but they could not find the finishing touch. KC’s coach, Ludlow Bernard, said: “It was one of those games that you really are not going to get everything perfect, but we still managed to maintain our winning streak and managed to maintain a clean sheet for the third game running.” Calabar 7 Campion College 0 JosÈ Marti 0 Dunoon 1 Bridgeport High 2 Cumberland High 1 Ascot High 0 Denham Town 1 St Mary’s College 2 Norman Manley 2 Papine High 0 Kingston College 2 Haile Selassie 3 Jonathan Grant 2 St Catherine 1 Ardenne 1 Hydel 0 St Jago 0 Camperdown 0 Wolmer’s 3 Pembroke Hall 2 Meadowbrook 3last_img read more