× SPECIAL FRIEND — Luis Fernandez made a new special friend when The Green Meadows Farm petting zoo visited Midtown Community School.
The European Commission calls for input on the debate over a pan-European pension productThe European Commission is inviting pension funds, asset managers, insurance undertakings, individuals, consumers associations and public authorities to join the debate on the need for a pan-European pension product during a public hearing to be held on 24 October in Brussels.The hearing is part of the Commission’s work to consider proposals for a simple, efficient and competitive EU personal pension product. More investment into personal pensions could contribute to a stronger single market for capital through an increase in the funds available to finance the economy, as highlighted in the Commission communication ‘Capital Markets Union, accelerating reform’, adopted on 14 September.Vice-presidents of the Commission Valdis Dombrovskis and Jyrki Katainen, and commissioner Marianne Thyssen, will deliver keynote speeches. Prominent representatives of industry, consumer associations and academia will provide their views and take part in panel debates. All participants are invited to join the debate on key topics: Is there a need for promoting personal pensions in the EU? How can the current demographic challenges be addressed? Complementing public pensions and occupational pensions with personal pensions could be beneficial to individuals, increasing the choices for retirement savings, and to the wider economy, contributing to the creation of a capital markets union.How should a European personal pension product look like?A European personal pension product should be an attractive choice of saving for individuals and create benefits for providers. An adequate level of investment protection, transparency and the potential for good returns could attract savings from individuals. Economies of scale and efficiency gains, as well as cross-border passporting and distribution, could be among the benefits for providers operating in a European personal pension’s market.What are the challenges of a European personal pensions framework?Switching between personal pension products, domestic products and, when moving across borders, the decumulation of retirement savings and the general tax treatment of personal pension products remain important challenges to creating a single market for personal pensions. The hearing will provide important feedback from stakeholders to determine if EU action fostering the emergence of European personal pension products that are simple, affordable, transparent and provide better returns, would be appropriate and proportionate. The hearing also feeds into a public consultation due by 31 October.For more information on the hearing and registration, click here. To respond to the public consultation, click here. Philippe Caluwaerts is policy officer for insurance and pensions at the European Commission’s directorate general for Financial Stability, Financial Services and Capital Markets Union
The Organising Committee of the Orange Africa Cup of Nations on Sunday, August 17, 2014 disqualified Rwanda from the qualifiers of the Orange Africa Cup of Nations Morocco 2015.The decision followed a protest made by the Congolese Football Federation (FECOFOOT) during the first leg match of the second round of qualifying played against Rwanda on 20 July 2014 in Pointe-Noire.The protest by Congo contested the eligibility of the player Birori Dady aligned with Rwanda, and plays for the AS Vita Club of Kinshasa with Congolese (DRC) passport as Etekiama Agiti Tady, and a different age.Following investigations by CAF and on the basis of documents provided by the federations of Rwanda, Congo and DR Congo, and hearing the player’s testimony on 11 August 2014 at CAF headquarters in Cairo, CAF established that the two identities only referred to a single person.While the Rwandan Football Federation (FERWAFA) maintained that to their knowledge the player Dady Birori had one identity, investigations revealed that he was summoned as Etekiama Agiti Tady by FERWAFA to join the national team of Rwanda.Based on these and other findings, the Organising Committee of the Orange Africa Cup of Nations in accordance with Article 41 of the regulations of the Africa Cup of Nations, and Articles 82 and 83.1 of CAF Disciplinary Code, decided as follows: 1. Immediately suspend the player Etekiama Agiti Tady / Birori Dady until further notice and ban him from playing for club and the national team2. Rwanda declared losers of No.37 against Congo, and consequently being eliminated from the competition3. Consign Congo to the group phase of the qualifiers of the Orange Africa Cup of Nations – Morocco in 2015 in Group A, as replacement for Rwanda4. Reserved the right to confirm the exact length of the player’s suspension and to impose additional sanctions if necessary at the next meeting of the Organising Committee scheduled for 17 September 20145. Urged players and stakeholders to regulate the situation of dual identity The decision of the Committee takes effect immediately and with option for appeal in accordance with the regulatory provisions in force in CAF Disciplinary Code.