EUROPE - The European Federation for Retirement Provision (EFRP) has announced Patrick Burke as its new chairman, succeeding Angel Martinez-Aldama, who will become second vice-chairman.

Burke, who was elected at the organisation's general assembly in Rome, said he was honoured by the appointment.

He added: "The EFRP has been very effective in helping to promote work-related pensions that are adequate, secure, affordable and sustainable, and we are proud of what we have achieved over the last number of years."

Additionally, Christian Bohn was elected first vice-chairman, while Charles Muller, deputy director general of the Association of the Luxembourg Fund Industry, was elected to the board of directors.

Burke highlighted the European Union's Green Paper on pensions as one of the many challenges ahead.

"Of equal significance is the risk within the EU that countries in the process of reforming their pensions systems are disadvantaged from a Growth and Stability perspective - and that others may turn to short-term pension tactics to satisfy current account budgetary demands, without recognising the unsustainable long-term liabilities thus created," he said.

Klaus Stiefermann of the German pension association aba, as well as Joanne Segars of the UK National Association of Pension Funds, continue to sit on the board alongside Fabio Galli of Italy's Assogestioni.

Pierre Bollon of the French investment funds and asset managers trade association AFG and Loek Sibbing, who will soon be replaced by Gerard Rutten as chairman of the Dutch association for company pension funds OFP, also retain their position alogside Csaba Nagy, who represents the central and eastern European countries.