January 2020

09Jan

FRR names supervisory board chair

FRR, Franklin Templeton, Mercer, HSBC Global Asset Management, Veritas, AllianceBernstein, Arabesque S-Ray, Eumedion, De Nationale APF, ASR, PGB, Hermes, Netspar, Sampension, Rabobank, Kempen, UBS, Aegon, LOIM Fonds de réserve pour les retraites (FRR) – The €32.6bn French sovereign investor has a new chair of the supervisory board, with Sandrine Lemery having been appointed to the position by government decree. She was the first deputy secretary general of ACPR, the prudential authority for banks and insurers, from 2013 until the beginning of January 2019. She...

January 9, 2020
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07Jan

French pension talks resume as govt seeks to end standoff

French officials prepared to restart talks with unions Tuesday over a pension overhaul that has sparked the country's longest transport strikes in decades, which labour leaders say could force millions of people to retire later than they thought. Public support appears to be shifting in the government's favour, with just 44 percent backing the strike in an Ifop poll released Sunday, down seven points from the previous survey on December 19-20. The reform would eliminate 42 separate pension schemes...

January 7, 2020
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06Jan

Critical week in France’s pension reform protests

The month-long stand-off between the government and France's striking transport workers has entered a critical week, with talks set to resume on Tuesday, and further national protests in store. The first Council of Ministers' meeting was taking place on Monday, as commuters braced for a difficult return to work after the Christmas break. The ongoing pension reform protests are certain to top the agenda, with strike calls launched on Monday by nurses and physiotherapists' unions. An Air France pilots...

January 6, 2020
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03Jan

On Day 29, French rail strike makes history

A labour walkout that has frustrated Paris commuters and marooned thousands of holiday travellers in France dragged into its 29th day on Thursday, becoming the country's longest continuous railway strike with no end in sight. The standoff over the government's plan to merge 42 pension schemes into a single, points-based system has seen workers at the state-owned SNCF railway company and Paris' RATP public transport operator down tools since December 5. Hundreds of thousands of strikers and their supporters...

January 3, 2020
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December 2019

31Dec

The Collapse of the Models. Re-shaping Social Protection in Europe and Latin America

The 2010-decade was a challenging period for the world. Latin America’s economy was doing relatively well at the beginning of the decade. However, the region’s economy is stagnated. Read also Colombia’s Pension Reform Hampered By Political Tension The European Union has been struggling too. Besides economic stagnation, right-wing populist candidates have been on the rise. The populists’ slogans on preserving national identity and tackling uncontrolled immigration have gained traction. Read also Greek government planning pension rises for 450,000 recipients Further, the...

December 31, 2019
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30Dec

France. Macron forced to step in to defuse crisis over pension changes

Emmanuel Macron will be forced to speak out on France’s ongoing pensions strike in his televised new year address on Tuesday as transport stoppages look likely to continue into a fifth week, causing major disruption over the holiday period and into January. Read also On Day 29, French rail strike makes history The centrist French president, who made overhauling the country’s pensions system a key election pledge, has until now refrained from intervening personally, leaving his prime minister, Edouard Philippe,...

December 30, 2019
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December 2019

26Dec

Unmerry Christmas as French transport strike enters fourth week

Christmas Day brought no respite for travellers in France as a transport strike entered its fourth week, ruining the plans of thousands to share a traditional meal and quality time with loved ones. Many scrambled at the last minute to make alternative arrangements as the protest against pension reform saw thousands of trains cancelled or delayed -- and taxis, ride-sharing services and car rental agencies unable to make up the shortfall. Only a fraction of high-speed and inter-city trains ran...

December 26, 2019
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24Dec

Macron’s popularity slightly down as pension strikes gather pace

A poll released on Monday showed French President Emmanuel Macron's popularity suffered a slight slowdown in December when anti-pension reform protests and strikes were gathering pace. Figures from Odoxa pollster showed that Macron's dissatisfaction rating rose to 67 percent in December, from 65 percent a month earlier. "This ...is indeed small in view of the (social) anger and the support which the opponents of the pension reform still enjoy," said Gael Sliman, Odoxa's director. Macron proposes to replace the...

December 24, 2019
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23Dec

President Macron confirms he will not take his pension

French President Emmanuel Macron will not take his future president’s pension, it has been confirmed, as protests against pension reform continue across France. As head of state, Mr Macron would have had an automatic right to take a pension equivalent to the salary of a state advisor at the end of his final term. This would have been €6,220 gross per month for life, under article 19 of a 1955 law. This pension is neither affected by the length...

December 23, 2019
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20Dec

Government-union pension talks fail in France, strikes to continue

The French government and labor unions ended talks on pension reform on Thursday afternoon without reaching a deal to break the deadlock. Philippe Martinez, leader of the hardline CGT union, told the press after the talks that "the prime minister hasn't heard what the street is saying." Five out of the eight unions called for further actions and a cross-sector demonstrations on Jan. 9, he added. Prime Minister Edouard Philippe said new roundtable discussions will be held on the...

December 20, 2019
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