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Article 50 trigger: Society of Pension Professionals Comments on Impact on Pensions
Tony Bacon, Chairman of the Society of Pension Professional’s European Committee, comments on the news that the Prime Minister has signed the formal “Article 50” notification of the UK’s departure from the European Union.
“Our strong message to pension scheme sponsors and trustees, regardless of potential financial market turbulence during the two year negotiation period, is to “keep calm and carry on”. As indicated in our White Paper [current link] last year, we expect there to be no immediate impact on UK pensions law and regulation. Indeed, looking to the longer term there is the prospect that some of the more worrying aspects of EU pensions regulation, such as unnecessarily costly reserving requirements and intrusive supervision from Europe may be averted.
“We hope and expect that the UK government’s negotiation representatives will keep a clear focus on the UK private pensions sector during the next phase of our withdrawal from the EU.
“The withdrawal process will present both opportunities and challenges for the providers of retirement income for the people of the UK. The SPP will continue to inform opinion and to support our members who have to navigate through these uncharted waters.”
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Paysafe and BIG Form New Esports Partnership with PaysafeCard as Official Payments Sponsor
After an impressive start to the new season, Berlin International Gaming (BIG) is announcing another major milestone: PaysafeCard, the popular eCash solution by global payments platform Paysafe (NYSE: PSFE), is joining the Berlin-based esports organization as a Premium Sponsor and official Payment Partner. The collaboration spans BIG’s Fortnite, Counter-Strike 2, and Trackmania teams, featuring prominent jersey placement, integrated branding, and community-focused activations. In addition, PaysafeCard will power payments at the official BIG shop, allowing fans to complete purchases easily and securely.
How Many MoneyLive Events Have You Done?
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EXCLUSIVE: “Irish Eyes on London” – Enterprise Ireland in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing