Recently, The Wood Brothers were forced to postpone and cancel a series of performances, with an unknown health issue plaguing one of its members. Today, Medeski Martin & Wood have followed suit, postponing a planned run of performances in New York, NY due to the hospitalization of bassist Chris Wood.Wood, a member of both bands, was hospitalized on tour with an intestinal blockage. He underwent surgery just last week, and, while the operation was successful, it means that the MMW shows will not happening as planned.The three night run at Le Poisson Rouge in New York, NY was scheduled for this week, October 18-20, but will now be rescheduled to January 16-18, 2017. The shows were meant to celebrate the band’s 25th anniversary, as they formed in 1991 in New York City.We wish Chris Wood all the best on his road to recovery. You can see the band’s full statement below.
The German pension fund association (aba) has criticised the fact an ECON report on Key Information Documents (KID) for investment products – also known as PRIPs regulation – will include occupational pension plans within its scope.In July 2012, the commission published a draft for the PRIPs regulation that excluded all occupational pension schemes.Only a few months later, however, a number of lobby groups vowed to fight the proposal.The ECON Committee of the European Parliament has now put forward an amended draft of the regulation that could include most of the occupational pension vehicles after all – particularly in Germany – according to Klaus Stiefermann, managing director at the aba. He told IPE the new proposal “shocked and surprised” many in the industry, as “nobody thought to track the PRIPS negotiations any further, especially as the EMPL committee (dealing with the occupational pension sector) was not involved”.In the new draft of the proposed regulation, occupational pension schemes and individual pension products are only excluded provided that a “financial contribution from the employer is required by national law and where the employer or employee has no choice as to the pension product or provider”.According to the aba’s interpretation, this would include all German occupational pension plans, as contributions are neither mandatory nor are employers limited in their choice of provider.The ECON report states: “Investment products with the purpose of accumulating savings for individual pensions should remain in scope because they often compete with the other products under this regulation and are distributed in a similar way to the retail investor.”The amended report is to be voted on in two weeks’ time, on 21 November, but the deadline for feedback on the proposal is 13 November.Should the proposal go through without alteration, some pension funds would have to draw up KID similar to the ones given to private investors when buying a retail investment product.German Green MP Sven Giegold – also a founding member of consumer lobby group Finance Watch, which aims to improve the regulation of financial products – is responsible for bringing the amendments forward. While the aba said it was unopposed to additional reporting requirements or member information, it argued that the inclusion of KID-type requirements in the PRIPS regulation “made no sense”. “We are expecting the draft of the IORP II Directive to be published by the end of the year, and this will include additional reporting requirements anyway,” Stiefermann said.He suggested the PRIPs Regulation and the IORP II Directive might ultimately be considered incompatible and even “collide”, and questioned whether all members of the ECON Committee who voted in favour of the changes had been fully aware of their scope.For more on Key Investor Documents, see the Letter from Brussels column in IPE magazine’s December issue
Jury of 7 men, 5 women selected for Weinstein rape trial Thomas Torres has yet to play a single minute in the Maharlika Pilipinas Basketball League but he’s going to wait six more weeks before he could suit up.The former La Salle Green Archer sustained stab wounds early Sunday after he, Jeron Teng, and Norbert Torres got into a brawl with middle-aged individuals, one of whom was carrying a ring knife in Bonifacio Global City.ADVERTISEMENT Dave Chappelle donates P1 million to Taal relief operations ADVERTISEMENT LATEST STORIES Lacson: Calamity fund cut; where did P4 billion go? Monsey stabbing witness says he ‘threw coffee table’ at suspect PLAY LIST 02:34Monsey stabbing witness says he ‘threw coffee table’ at suspect00:50Trending Articles00:50Trending Articles02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Volcano watch: Island fissures steaming, lake water receding Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Next Dy added Torres underwent surgery Sunday morning a few hours after suspects Edmar Manalo, 40, Joseph Varona, 39, and Williard Basili, 38, were arrested.Torres signed with Mandaluyong El Tigre in the MPBL.RELATED VIDEO Jiro Manio arrested for stabbing man in Marikina READ: Suspects in stabbing of Jeron Teng, two others used ring knife—policeCharlie Dy, Torres’ agent, said the point guard suffered a tear on his tricep muscles and would need six weeks to recover.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crown“He’s under observation and his recovery would take a little longer because the tricep muscles were torn apart,” said Dy in Filipino in a text message to Inquirer.READ: Jeron Teng, 2 ex-La Salle players stabbed in BGC; suspects arrested View comments Steam emission over Taal’s main crater ‘steady’ for past 24 hours Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Winfrey details her decision to withdraw from Simmons film China population now over 1.4 billion as birthrate falls MOST READ Just hoping to survive tough race, Benedicto gets top 5 finish in full Ironman PH