Posts Tagged
European Union
Labour Market Flourishes: Record Highs in OECD Employment and Participation Rates
In recent years, the global employment landscape has seen a myriad of ups and downs. However, the Organisation for Economic Co-operation and Development (OECD) countries have emerged as beacons of hope and resilience in the global labour arena. The most recent data for the second quarter of 2023 confirms this trend, showcasing record-breaking numbers in both employment and labour force participation rates. Soaring OECD Rates As of the second
Newly signed covered agreement helps US companies operate in EU
The United States and the European Union in September 2017 signed an agreement that will help U.S. insurers and reinsurers operate in the E.U. by ending Solvency II (S2) regulatory barriers. The American Insurance Association said the agreement provides mutual acknowledgement of prudential supervision in both the E.U. and the United States, and will eliminate barriers that U.S. insurers have faced since S2 was implemented. For reinsurance, the agreement
EC proposes legislation for pan-European individual pensions
In a long overdue move, the European Commission in June 2017 unveiled a proposal for a pan-European personal pensions product (PEPP). PEPPs are designed to complement – not replace or harmonize – existing state-based occupational and national personal pensions throughout the European Union. The PEPP forms part of the Commission’s plan to build a Capital Markets Union (CMU), wherein the Commission believes the new pension product will help to