Lichtenberger leaves Commission’s pensions unit after seven years

first_imgJung-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.last_img read more

Petition Launched Against Rumored Store

first_imgRumors have been circulating throughout the area regarding the possibility of Walmart coming to Batesville, and it has sparked an online petition.The petition titled, “We are AGAINST a Wal-Mart Store in Batesville, IN,” was written by an anonymous resident who claimed the proposed location is on S.R. 46 just east of the Batesville Primary School.The author addressed the petition for two Batesville officials and received 490 signatures as of Tuesday at 12:00 p.m.No word on the legitimacy of the rumors. WRBI is waiting on a confirmation or denial from city officials as well as corporate representatives from Walmart.We are on the story and will keep you up-to-date on the latest developments.last_img read more

Stan Okoye targets Olympics, 2022 Afrobasket glory

first_img Reminiscing on the 2019 FIBA World Cup in China, the Herbalife Gran Canaria of Spain small forward who missed out of the 2019 Afrobasket co-hosted by Tunisia and Senegal believed the team would have done incredibly well if they had advanced from their group. “At the 2019 World Cup, I felt like we had the opportunity if we had gotten out of the group stage, we would have had a decent run to get a medal.” read also:Rohr reveals: I was forced to bench Okoye Currently ranked 23rd in the world and first in Africa, the 29 year old is certain that D’Tigers can win its second ever Afrobasket gold. “They know we are the best in Africa, so we have to get gold every time. If we don’t then we have fallen short.” FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content10 Risky Jobs Some Women DoHere Are The 10 Most Famous Female Racers Of All Time7 Ways To Understand Your Girlfriend BetterThe Funniest Prankster Grandma And Her GrandsonFrom Enemies To Friends: 10 TV Characters Who Became CloseHere Are The Top 10 Tiniest Mobile Phones On The Planet!11 Strange Facts About Your Favorite TV ShowsThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Reasons It’s Better To Be A Vegan7 Black Hole Facts That Will Change Your View Of The Universe6 Mysterious Things You Do Not Know About ChinaWho Is The Most Powerful Woman On Earth? As one of the senior members of the current D’Tigers set up, Spain based Stanley Okoye has set his target at a possible podium finish at next year’s Olympic Games in Tokyo, Japan. The member of the 2015 team that won Nigeria’s first-ever Afrobasket title in Tunisia said with the current talents in the team, being one of the best teams in the world is achievable. He revealed that the current bunch of players in the team are determined to take Nigerian basketball to where it truly deserves. “For us, we have always talked about it. We want a medal. We have to look forward to the Olympics. We want to stay on the podium.”Advertisementlast_img read more