Jung-Duk Lichtenberger, co-author of the White Paper on Pensions, is to leave the European Commission’s insurance and pensions unit after seven years.Lichtenberger will remain within the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), overseen by commissioner Jonathan Hill, but take over the currently vacant post of deputy head of the Capital Markets Union (CMU) unit.In an internal email seen by IPE, Lichtenberger said: “After having worked for more than seven years on developing the Single Market for pension funds, it is my time to move on. I look forward to staying in touch and to continue working on exciting projects.”Lichtenberger will move to the unit responsible for the development of the CMU next week. He will report to CMU unit head Niall Bohan, who was in charge of the asset management division within the now-defunct Directorate-General for Internal Market and Services (DG MARKT) during José Manuel Barroso’s presidency.Bohan moved to take charge of the new unit when the CMU policy was unveiled in 2014 by current president Jean-Claude Juncker.Although the CMU unit will be a departure from pensions, it is still likely to deal with pension matters, as Hill previously identified the “underdeveloped” nature of the personal pensions market as a hurdle to the project’s success.To that end, the European Insurance and Occupational Pensions Authority this week published a consultation on a new pan-European personal pension regime.Prior to joining the Commission, Lichtenberger worked for the European Central Bank, writing research papers for the institution.He studied at the University of Hull and the University of Warwick, both in the UK, and the Ecole Supérieure de Commerce de Reims in France.During his time at DG MARKT, he authored the 2012 White Paper on Pensions and was more recently involved in the revised version of the IORP Directive.At the time, the White Paper backed the idea of a level playing field between insurers and pension funds.Lichtenberger has since seemingly distanced himself from the idea, telling a conference earlier this year that there were “no plans to introduce Solvency II [for pension funds] through the back-door”, casting doubt on Hill’s returning to the matter in the foreseeable future after it was abandoned by predecessor Michel Barnier in 2013.
THE Guyana Amateur Swimming Association (GASA) has selected a final team of 28 swimmers and five officials to represent the country later this month at the regional Goodwill Swim Meet scheduled to be held at the Rodney Heights Aquatic Centre in St Lucia from August 19 to 25.The team, which consists of 12 boys and 16 girls, includes last year’s leading gold medallist, Aleka Persaud, as well as Goodwill multiple silver medallist Leon Seaton, and bronze medallists Phillip DeNobrega and Patrice Mahaica.The team also includes newcomer Nia Fraser from the USA, whose parents are Guyanese.The four officials are national coach Sean Baksh, team manager Mervin Munroe, GASA president Ivan Persaud, chaperones Shannie Rodrigues, and Lorren Mahaica.Speaking with Guyana Chronicle, Baksh noted the Association’s disappointment with not being able to take the full team, due to financial constraints.The budget for the team was approximately US$800 per person. The Association was able to secure tax exemptions that placed the tickets at US$514 per person. However Baksh noted, this was still tough on a lot of parents.“We’re a little bit disappointed because we should be taking a full team of 40 (swimmers) but it is based on economics, the cost of the ticket right now, and at the moment sponsors are not really helping because of whatever is going on in the economy at the moment so we didn’t get much,” Baksh said.The Goodwill Swim Meet is an annual developmental age group event where swimmers from Guyana compete against swimmers from Trinidad, Barbados, Suriname, and StLucia. Additionally the host nation is allowed to extend an invitation to any other country to participate. Bahamas was once again extended the invitation, after also participating last year.Each country is allowed to field a maximum 40 swimmers, a number that Guyana has continued to struggle with over the years, even when the meet is held on home turf. Last year Guyana finished fifth overall with a final tally of 29 medals – 21 from individual events and 8 relay medals. The competition was won by Trinidad and Tobago.Aleka was Guyana’s most decorated swimmer with five gold medals and one silver. This year, despite prevailing circumstances, Baksh is hopeful that the team will not come back empty-handed notwithstanding in what position we finish.“It’s a fairly good team, we have some top guns in there. Aleka Persaud, Leon Seaton, Raekwon Noel, the girls Jayden and Danielle are really stepping up, so I think we will get some medals, but based on the size of the team, we can’t really make any inroads on the overall team position.” Baksh remarked.The team is expected to depart Guyana on August 18.The complete team is as follows8-and-Under:Boys: Jayden DanielGirls: Ariel Rodrigues, Kayla Hardy, Kaylee Hardy9–10 years oldBoys: Raekwon Noel, Paul Mahaica, Lejaun MunroeGirls: Aleka Persaud, Patrice Mahaica, Antonia Dey, Nia Fraser11-12 years oldBoys: Leon Seaton, Sekhel TSedeq, Ejaz MohammedGirls: Jayden George, Danielle George, Nekita Peters, Amber De Goeas13–14 years oldBoys: Nathon Hackett, Nikhil Ramnarine, George TelfordGirls: Teshanna Hunter, Kenita Mahaica15-17 years oldBoys: Philip DeNobrega, Antonio RodriguesGirls: Anna Isaacs, Kayth Goddette, Felisha Wiliams