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Former Allianz employee pleads guilty to fraud over $7-billion funds collapse

by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The case stemmed from the March 2020 collapse of the German insurer’s now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private...

Nearly 67 pc startup employees looking for transition to established firms: Report

by AIP Online Bureau | May 29, 2024 | Data, Eco/Invest/Demography

About 25 per cent of the candidates have also attributed a lack of work-life balance in startups as a factor for their decision to join reputed concerns Nearly 67 per cent of employees working in startups prefer to move to established firms on account of job security,...

Centre allows woman employees to nominate son daughter for family pension

by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Previously, family pension was granted to the spouse of a deceased government servant or pensioner, while other family members became eligible only after the spouse’s ineligibility or demise, the statement said New Delhi: In a path-breaking decision with...
Boeing to pause 737 production for quality stand down on Jan 25

Boeing to pause 737 production for quality stand down on Jan 25

by AIP Online Bureau | Jan 24, 2024 | International News, Risk Management, Technology

During the stand down, employees will attend quality workshops and “pause, evaluate what we’re doing, how we’re doing it and make recommendations for improvement,” said Boeing Commercial Airplanes President Stan Deal WASHINGTON: Boeing will hold a quality stand down...

Maharashtra cabinet nod for OPS to state employees who joined service after Nov 2005

by AIP Online Bureau | Jan 4, 2024 | Indian News, Pension & Social Security, Workplace/Employee Benefits

Under the OPS, a government employee gets a monthly pension equivalent to 50 per cent his/her last drawn salary. There was no need for contribution by employees. The OPS was discontinued in the state in 2005 Mumbai: The Maharashtra cabinet on Thursday cleared a...
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