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US chemicals firm DuPont de Nemours has confirmed it is considering to move the pensions of its Dutch workers to its European pension fund in Belgium.The multinational’s €1.15bn Dutch scheme said it intended to join the Mechelen-based European pension plan in 2017.However, it also noted that it still needed approval from Dutch pensions regulator De Nederlandsche Bank (DNB), the Dutch tax authorities and the company’s works council (OR).The employer’s current contract with the pension fund is to expire at the end of 2015, but the scheme made clear it expected the contract to be extended by another year. DuPont Netherlands is no longer the scheme’s main sponsor, following the establishment of Chemours Netherlands as a soon to be fully independent and listed offshoot of the US firm.The pension fund did not respond to requests for comment from IPE sister publication PensioenPro.The Pensioenfonds DuPont is not the only Dutch scheme to consider a cross-border move of late, with the pension plans of energy companies ExxonMobil and BP recently making clear that they were considering such step.Clearing house Euroclear and pharmaceuticals company Johnson & Johnson already moved their pension schemes to Belgium.Companies usually cite synergy benefits, as well as increasing regulatory pressure in the Netherlands, as the chief reasons for merging their international pension plans.The Pensioenfonds DuPont returned 25% on investments last year.Both its official policy funding and its daily coverage stood at approximately 118% at March-end.
After the show of shame on the opening day of the Nigeria Football Professional League (NPLF), FC Ifeanyi Ubah put behind their disgraceful no-show at Kano Pillars at the weekend to dump MFM FC 4-0 as Plateau United bashed Enyimba 3-1 at home in continuation of NPFL action today.Ifeanyi Ubah had abandoned the opening game of the new season on Saturday and have since been sanctioned by the league organisers.They put all their troubles behind them to record a big home win over MFM FC,who ironically also won big at the weekend at home against Niger Tornadoes.First half goals by Yaya Kone, Jimoh Oni and King Osanga as well as Ifeanyi Onuigbo late in the second half gave Ifeanyi Ubah their first win of the season. In Jos, Plateau United showed they were truly at home when they raced to a 3-0 lead against seven-time champions Enyimba, before Ikechukwu Ibenegbu made the scores a lot more respectable with a late face-saved for ‘The People’s Elephant’.In Gombe, It was a game of misfortune for debutants, Remo Stars, as Fabason Djoufouna 87th minute strike secured maximum points for Gombe United and ended the dreams of Remo Stars picking a point on the road.The Sky Blue Stars drew first blood after Captain Victor Mbaoma converted a free kick beautiful in the 20th minute and Ndukwe was right on point to make consecutive saves to deny Gombe United an equaliser after the restart.The first half ended in level terms and at the start of the second half Gombe United showed intent and approached the game more physically but we’re contained by the offside trap as the high line defence of the Sky Blue Stars did a decent job.Late into the second have in the 87th minute Fabason Djoufouna who arrived late into the box was right on time to slot home a low cross from Giwa Isaac to give the dessert scorpions the lead and eventually the winning goal of the encounter.The Sky Blue Stars will head back to Sagamu as they prepare to get their season back on track with a win.There were also home wins for Lobi Stars, Abia Warriors and Sunshine Stars.NPFL MATCH DAY TWO ResultsSunshine Stars 1-0 Shooting StarsNasarawa United 1-1 Enugu RangersGombe United 2-1 Remo StarsNiger Tornadoes 1-1 ABS FCAkwa United 1-1 Rivers UnitedPlateau United 3-1 Enyimba FCLobi Stars 1-0 Kano PillarsFC Ifeanyi Ubah 4-0 MFM FCAbia Warriors 2-0 Katsina UnitedTodayElkanemi Vs WikkiShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram