10/11/2010
By Ilonka Oudenampsen
Patrick Burke has been elected as chairman of the European Federation for Retirement Provision (EFRP). This decision was taken at the EFRP General Assembly of 10th November 2010 in Rome. Burke is a solicitor by profession and director of Irish Life Investment Managers based in Dublin.
In his acceptance speech, Burke said: “I am honoured EFRP wants me to take on the role of Chairman. The EFRP has been very effective in helping to promote work-related pensions that are adequate, secure, affordable and sustainable and we are proud of what we have achieved over the last number of years. Many strategic challenges lie ahead, not least of which include the Green Paper, but I am sure the EFRP will once again show that it can deliver solutions to difficult questions.
“Of equal significance is the risk within the EU that countries in the process of reforming their pensions systems are disadvantage from a Growth and Stability perspective and that others may turn to short term pension tactics in order to satisfy current account budgetary demands without recognising the unsustainable long term liabilities thus created.”
During the same Assembly, Christian Bohm from Austria was re-elected as first vice chairman of the EFRP and Angel Martinez-Aldama from Spain was elected as second vice chairman. Also elected to the Board of Directors was Charles Muller, deputy director general of the Association of the Luxembourg Fund Industry.
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