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Syntrus Achmea to launch APF pensions vehicle

first_imgIt had already offloaded its second-pillar operations in the country to the insurer last year. Achmea also indicated that it would develop “specific products” to help employers moving to defined contribution arrangements, noting that “quite a few” companies were still reluctant to abandon the “existing certainties” of defined benefit.In its annual report, it also said Syntrus Achmea would now focus on streamlining and centralising operational processes and teams, with the ultimate aim of achieving a single process, system and location.To minimise costs for its customers, improve its risk/return ratio and increase diversification of investments, Syntrus Achmea said it launched several new investment funds in 2014.It added that it was working to reduce risk and complexity in pensions management – by withdrawing from a number of separate accounts to reduce the volatility of investment returns, for example. Syntrus Achmea saw its institutional assets under management increase by €16.8bn to €86.8bn.It said new customers – including the industry-wide scheme for the dairy sector, as well as extended and expanded mandates for existing customers – had more than offset the departure of the large pension fund for the retail sector (Detailhandel).Syntrus Achmea has more than 70 clients with approximately 2m participants in total.The company covers 13% of the Dutch market for collective pensions and life insurance. Pensions provider Syntrus Achmea is to launch its own Algemeen Pensioenfonds (APF) to exploit new opportunities in the evolving Dutch pensions system, parent company Achmea has said in its 2014 annual report. An APF vehicle can implement various pension plans, enabling pension funds and employers to cooperate whilst allowing them to keep their own identity.Schemes’ assets in an APF are ring-fenced.The annual report also revealed that Syntrus Achmea wanted to transfer its third-pillar operation in Romania to insurer Aegon this year.last_img read more

FBI Files – Richard Nixon Feared John Lennon had the Power to

first_imgOn December 10, 1971, a rally was held in Ann Arbor, Michigan, to raise awareness for the cause of John Sinclair, a poet, activist, and music manager who had received a 1o-year prison sentence for giving two marijuana joints to an undercover narcotics officer in 1969. Fifteen thousand young people showed up for the speeches and musical performances and to chant, “Free John, Free John.” As Sinclair was a founding member of the White Panther Party, a militant counterpart of the Black Panthers, he was on the radar of law enforcement, and the FBI secretly monitored the rally to see who made an appearance.Yoko Ono and John Lennon at John Sinclair Freedom Rally in Ann Arbor, Michigan.The “Freedom Rally” turned into a veritable Greatest Hits of the radical movement. Speakers included Jerry Rubin, Bobby Seale, Allen Ginsberg, and Ed Sanders. As for the musicians, it might have seemed that the rally already drew pretty exciting talent: Stevie Wonder, Bob Seger, Phil Ochs, and more. But then one of the most famous couples in the world appeared: John Lennon and Yoko Ono.Jerry Rubin at the Freedom Rally.The New York Times reported, “John Lennon, the former Beatle, and his wife, Yoko Ono, flew in from New York and appeared for 10 minutes at about 3 a.m. when the arena was filled with a cloud of marijuana smoke coming from thousands of marijuana cigarettes that were passed from person to person.“It was Mr. Lennon’s first major public appearance in the United States in two years. He performed several new numbers—one dedicated to the Attica rebellion and an other to the struggle in Northern Ireland. The last number, which brought wild applause, was a song dedicated to Sinclair.”John Sinclair. Photo by Wayne Dabney CC BY 3.0Sinclair was released from prison within days, but unknown to Lennon, the FBI took particular note of his remarks and singing. “This was essentially the beginning of the [American] government’s involvement in Lennon’s life,” wrote the website Ultimate Classic Rock.Not only did the FBI put Lennon under surveillance — that was just the beginning. There was a steady, aggressive effort to deport Lennon from the United States, an initiative that reportedly was approved of by President Richard Nixon. Over the next five years, the FBI gathered some 300 pages of information on John Lennon.The FBI released heavily blacked out, or redacted, pages of the Lennon FBI file, including this one, initially in response to Jon Wiener’s Freedom of Information request.Yoko Ono, who was going through a custody dispute with her first husband, did not want to leave the U.S. And so Lennon struggled to remain in the country.After Lennon was killed by Mark David Chapman in 1980, historian and university professor Jon Wiener spent 14 years fighting to get the FBI to release its files on Lennon under the Freedom of Information Act. Wiener hired ACLU lawyers and the team persevered, pro bono, in their effort to obtain those  files.Wiener’s eventual book making use of what he obtained, Gimme Some Truth: The John Lennon FBI Files, reveals that President Richard Nixon was worried that Lennon could hurt his chances of re-election.A subsequent version was released which showed much of the previously blacked-out text.“The ’72 election was going to be the first in which 18-year-olds had the right to vote,” Wiener said in a NPR interview in 2000. “Before that you had to be 21. Everybody knew that young people were the strongest anti-war constituency, so the question was, for Lennon, how could he use his power as a celebrity to get young people into the political process?”Historian and political writer Jon Wiener. Photo by email from Jon Wiener CC BY-SA 2.5Lennon was actually quite interested in becoming part of such a youth group movement opposing the Vietnam War and trying to defeat Nixon. He and Rubin discussed organizing a tour intended to mobilize the vote that would follow the incumbent president’s campaign stops across the country, ending with a festival in Miami, where the Republican National Convention would take place.How to handle Lennon as a threat became a subject of letters going between J. Edgar Hoover and President Nixon.According to one report, FBI chief J. Edgar Hoover sent a memo to Nixon’s chief of staff describing Lennon as a sympathizer of Trotskyist communists in England.In Wiener’s book, he wrote: “For Nixon and Hoover, as another historian has written, ‘The world was a battlefield filled with active and potential enemies.’ Lennon became identified as one of those enemies even before he publicly opposed Nixon’s reelection. In Nixon’s mind, he was forever a victim forced to defend himself against unrelenting and unscrupulous enemies. Hoover’s rhetoric was more violent… Hoover said about Lennon ‘his main reason for being is to destroy, blindly and indiscriminately, to tear down and provoke chaos.’ ”The Republican National Convention in August 1972; Nixon’s wife, Pat, addressed the crowd. Nixon was reelected in November 1972.The way they tried to neutralize John Lennon was to threaten him with deportation.On March 1, the Immigration and Naturalization Service delivered a letter to the Lennons requesting that they leave the country within two weeks or face deportation hearings. They used Lennon’s 1968 marijuana possession – a misdemeanor – as the reason for the deportation.Wiener told NPR, “For much of 1972 and ’73, Lennon was under an order to leave the country within 60 days. He had very talented legal help and they kept getting these deadlines extended.” Hoover died in May 1972, but hassling Lennon remained a priority.John and Yoko recording the song “Give Peace a Chance” in 1969.“There was a lot of people mobilized to support him, but really, it wasn’t until after Watergate, after Nixon left office, that the Gerald Ford administration immigration service finally agreed to grant Lennon his green card on very narrow legal grounds,” said the author. “So for two years he was under a 60 day order to leave the country, almost continuously.”Sculptor Makes Incredible Model of John LennonJohn Lennon received his green card eventually. But the FBI and government targeting under Nixon did succeed in one of its goals. Lennon decided to withdraw from Rubin’s plans to demonstrate against Nixon and work to get youths registered to vote because it was too dangerous to his fight to stay in the country.It is likely that Lennon was unaware of the extent of the FBI surveillance during the early 1970s. Photo by Roy Kerwood – CC By 2.5It was perhaps fortunate that Lennon pulled out. Because the FBI, through its surveillance, was thus aware that Lennon was no longer planning to be active against Nixon. One of the government’s previous plans was an ominous act — to have something waiting for Lennon in Miami should he have gone there during the Republican National Convention. After learning of his change in tactics, the FBI too changed its plans.Yoko Ono and John Lennon at Schiphol. Photo by Joost Evers/Anefo CC BY-SA 3.0 nlWas the FBI planning to set up Lennon in a drug bust? Through the Freedom of Information Act, the author was able to see a disturbing document. “There’s a memo from J. Edgar Hoover to the head of the Miami FBI office that suggests that if Lennon could be arrested on possession of narcotics charges he would become more immediately deportable,” said Wiener. Because Lennon did not go to Miami, nothing was done.Wiener received this less-heavily-blacked-out copy of the same file page after more than a decade of litigation by the ACLU of Southern California.When Wiener, in the research for his book, pressed for the files on Lennon in the Miami field office, he was told that they had all been destroyed “as part of a routine procedure.”Read another story from us: John Lennon’s Assassin Denied Parole“It’s still hard to figure out whether the effort to deport Lennon was a complete paranoia on Nixon’s part,” said Wiener in the NPR interview. “After all, Nixon did win the 1972 election by an overwhelming landslide. His opponent, George McGovern, carried what, two or three states. So maybe the whole thing was just paranoia on the part of Nixon matched by paranoia on the part of Lennon and his friends.”Nancy Bilyeau, a former staff editor at Entertainment Weekly, Rolling Stone, and InStyle, has written a trilogy of historical thrillers for Touchstone Books. For more information, go to www.nancybilyeau.com.last_img read more