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The Insurance Association of Cyprus has appointed C.Y Actuaries and Lux Actuaries for a joint project

The Insurance Association of Cyprus has appointed both C.Y Actuaries and Lux Actuaries to jointly develop a pensions framework to enhance and encourage the occupational pensions offering of life insurance companies in Cyprus.

The framework will be developed under the current “Class 7 legislation” and will be accompanied by a proposal to policymakers in Cyprus for a receptive tax and regulatory environment. This is a critical step in encouraging the development of more efficient second pillar pension provision in Cyprus.

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