A Finnish pensions association has criticised the requirement in the European Commission’s new IORP Directive for pension providers to issue scheme members with a uniform pension benefit statement for being unfair competitively.The Association of Finnish Pension Funds (ESY) said the way the standardised communication to customers was formulated was wrong and having such a requirement meant pension funds had a bigger administrative burden than life insurance companies.Ismo Heinström, lawyer for the association, told IPE: “It is regrettable that the pension benefit statement is formulated as if an IORP were an investment fund with totally different principles and objectives.”The kind of information demanded in the statement was not provided by insurance companies which had similar conditions, he said. He asked whether an IORP should therefore have to provide this extra information, when the commission laid weight on creating a level playing field for pension providers.Heinström said members should always be provided meaningful and relevant information. “The suggested pension benefit statement would provide members and beneficiaries unnecessary and misleading information not provided in insurance schemes with conditions that are in principle similar,” he said.The requirement would result in an unnecessary increase in costs for both the IORPs and the employers behind the schemes, Heinström said.On the whole, Finnish occupational pensions funds were well run, he said, and the institutions had so far provided their members with sufficient information.The Dutch Pension Federation previously criticised the revised IORP Directive’s proposals for a uniform statement as “overkill”.
IMCA Modifieds – 1. William Gould, Calera, Okla., 1,158; 2. Jason Wolla, Ray, N.D., 1,154; 3. Kelly Shryock, Fertile, Iowa, 1,152; 4. Matt Guillaume, Haslet, Texas, 1,124; 5. Clinton Luellen, Minburn, Iowa, 1,107; 6. Cory Sample, Winnemucca, Nev., 1,101; 7. Ricky Stephan, South Sioux City, Neb., 1,089; 8. Bryce Garnhart, Shannon, Ill., 1,075; 9. Anthony Roth, Columbus, Neb., 1,068; 10. Dean Abbey, Roanoke, Texas, 1,062; 11. Scott R. Smith, Davenport, Neb., 1,039; 12. Jesse Rogotzke, Sanborn, Minn., 1,037; 13. Brandon Hood, McGregor, Texas, 1,026; 14. Brian Schultz, Casa Grande, Ariz., 1,014; 15. Steven Bowers Jr., Topeka, Kan., 1,003; 16. Hunter Marriott, Brookfield, Mo., and Tom Berry Jr., Medford, Ore., both 1,000; 18. Ethan Dotson, Bakersfield, Calif., 988; 19. Tim Ward, Harcourt, Iowa, 981; 20. Joel Rust, Grundy Center, Iowa, 980.IMCA Late Models – 1. Todd Cooney, Des Moines, Iowa, 789; 2. Matt Ryan, Davenport, Iowa, 778; 3. Jeremiah Hurst, Dubuque, Iowa, 775; 4. Darrel DeFrance, Marshalltown, Iowa, 763; 5. Justin Kay, Wheatland, Iowa, 758; 6. Rob Toland, Colona, Ill., 756; 7. Joe Zrostlik, Long Grove, Iowa, 733; 8. Chad Holladay, Muscatine, Iowa, 717; 9. Andy Nezworski, Buffalo, Iowa, 701; 10. Joel Callahan, Dubuque, Iowa, 699; 11. Paul Nagle, Nevada, Iowa, 682; 12. Ryan Dolan, Lisbon, Iowa, 665; 13. Gary Webb, Blue Grass, Iowa, 636; 14. Curt Schroeder, Newton, Iowa, 631; 15. Chuck Hanna, Port Byron, Ill., 617; 16. Kirby Schultz, Albia, Iowa, 616; 17. Curtis Glover, Runnells, Iowa, 602; 18. John Emerson, Waterloo, Iowa, 598; 19. Bryce Carey, Nashua, Iowa, 576; 20. Bobby Toland, Cordova, Ill., 562.IMCA RaceSaver Sprint Cars – 1. Marcus Thomas, Corsicana, Texas, 773; 2. Justin Fifield, Mesquite, Texas, 740; 3. Kyle Ganoe, Thompsontown, Pa., and John Ricketts, Burleson, Texas, both 736; 5. Kaleb Johnson, Sioux Falls, S.D., 711; 6. Zach Newlin, Millerstown, Pa., 704; 7. Robert Vetter, Wolfe City, Texas, 700; 8. Trevor Serbus, Olivia, Minn., 689; 9. Tyler Russell, Abbott, Texas, 682; 10. Drew Ritchey, Everett, Pa., and Adam Gullion, Lincoln, Neb., both 656; 12. Zach Blurton, Quinter, Kan., 647; 13. Colin Smith, Sheldon, Iowa, 646; 14. Michael Stien, Ceylon, Minn., 642; 15. Cale Reigle, Newport, Pa., 635; 16. Tyler Reeser, Orwigsburg, Pa., 631; 17. Toby Chapman, Panama, Neb., 627; 18. Tyler Drueke, Eagle, Neb., and Blake Baccus, Crandall, Texas, both 619; 20. Dale Wester, Ovilla, Texas, 615.IMCA Sunoco Stock Cars – 1. Mike Nichols, Harlan, Iowa, 1,171; 2. Kirk Martin, Weatherford, Texas, 1,159; 3. Nathan Wood, Sigourney, Iowa, 1,158; 4. John Oliver Jr., Danville, Iowa, 1,151; 5. Damon Hammond, Burleson, Texas, 1,141; 6. Dan Mackenthun, Hamburg, Minn., 1,122; 7. Jason Wilkinson, Neligh, Neb., 1,112; 8. Chad Bruns, Wakefield, Neb., 1,091; 9. Damon Murty, Chelsea, Iowa, 1,089; 10. Kyle Wilkinson, Neligh, Neb., 1,078; 11. Donavon Smith, Lake City, Iowa, 1,076; 12. Justin Nehring, Storm Lake, Iowa, 1,058; 13. Kevin Opheim, Mason City, Iowa, 1,045; 14. Devin Snellenberger, Pulaski, Wis., 1,044; 15. Tommy Fose, Delphos, Kan., 1,030; 16. Jay Schmidt, Tama, Iowa, 1,027; 17. Ronnie Warren, Oglesby, Texas, 1,004; 18. Andy Roller, Waco, Texas, and Jerrett Bransom, Burleson, Texas, both 1,000; 20. Joren Boyce, Minot, N.D., 997.IMCA Sunoco Hobby Stocks – 1. Shannon Anderson, Des Moines, Iowa, 1,199; 2. Cory Probst, Brewster, Minn., 1,173; 3. Brandon Nielsen, Spencer, Iowa, 1,157; 4. Jeff Ware, Columbus, Neb., 1,150; 5. Chanse Hollatz, Clear Lake, Iowa, 1,142; 6. Zach Olmstead, Overton, Neb., 1,115; 7. Cody Williams, Minneapolis, Kan., 1,102; 8. Cameron Wilkinson, Neligh, Neb., 1,100; 9. Andrew Borchardt, Mason City, Iowa, 1,093; 10. Eric Cross, Salina, Kan., 1,083; 11. Justin Luinenburg, Reading, Minn., 1,081; 12. Justin Wacha, Vinton, Iowa, 1,048; 13. Lance Mielke, Norfolk, Neb., 1,043; 14. Terry Tritt, York, Neb., 1,040; 15. Leah Wroten, Independence, Iowa, 1,035; 16. Austin Brauner, Platte Center, Neb., 1,031; 17. Tathan Burkhart, Hays, Kan., 1,017; 18. Brady Bencken, Oakley, Kan., 1,011; 19. Daniel Wauters, Iowa City, Iowa, 1,007; 20. Ryan Wells, Runnells, Iowa, 993.Scoggin-Dickey Parts Center Southern SportMods – 1. Jeffrey Abbey, Comanche, Texas, 1,125; 2. Cory Williams, Slaton, Texas, 1,098; 3. James Skinner, Burleson, Texas, 1,096; 4. Ronnie Bell, Lorena, Texas, 1,072; 5. James Hanusch, Belton, Texas, 1,062; 6. James Guyton, Moody, Texas, 1,052; 7. Taylor Florio, Copperas Cove, Texas, 1,040; 8. Casey Brunson, Lott, Texas, 891; 9. Jake Upchurch, Grand Prairie, Texas, 882; 10. Sid Kiphen, Gatesville, Texas, 858; 11. Kamera McDonald, Keller, Texas, 795; 12. Allen Montgomery, White Settlement, Texas, 782; 13. Dustin Robinson, Post, Texas, 716; 14. Frank Groves, Shallowater, Texas, 685; 15. Tyler Bragg, Springtown, Texas, 683; 16. Justin Long, Haslet, Texas, 678; 17. Chris Cogburn, Robinson, Texas, 674; 18. Gabe Tucker, Carbon, Texas, 672; 19. Steve Gray, Vernal, Utah, 664; 20. Brian J. Carey, Aztec, N.M., 651.Karl Chevrolet Northern SportMods – 1. Tyler Soppe, Sherrill, Iowa, 1,167; 2. Tony Olson, Cedar Rapids, Iowa, 1,154; 3. Matthew Looft, Swea City, Iowa, 1,141; 4. Trent Roth, Columbus, Neb., 1,136; 5. Erik Laudenschlager, Minot, N.D., 1,131; 6. Johnathon D. Logue, Boone, Iowa, 1,126; 7. Jake McBirnie, Boone, Iowa, 1,114; 8. Jason George, Laveen, Ariz., 1,095; 9. Colby Fett, Algona, Iowa, 1,090; 10. Doug Smith, Lanesboro, Iowa, 1,072; 11. Shane DeVolder, Pacifica, Calif., 1,047; 12. Kyle Olson, Cedar Rapids, Iowa, 1,046; 13. Colby Langenberg, Norfolk, Neb., 1,036; 14. Jesse Skalicky, Fargo, N.D., 1,007; 15. Austen Becerra, Bowen, Ill., 993; 16. Nick Meyer, Whittemore, Iowa, 985; 17. Lane Cornwell, Newman Grove, Neb., 970; 18. Hunter Parsons, Green Bay, Wis., 967; 19. Kolton Vogel, Phillipsburg, Kan., 952; 20. Austin Svoboda, David City, Neb., 945.Mach-1 Sport Compacts – 1. Nate Coopman, Mankato, Minn., 1,185; 2. Dillon Richards, Beatrice, Neb., 1,169; 3. Jake Newsom, Sioux City, Iowa, 1,118; 4. Alex Dostal, Glencoe, Minn., 1,107; 5. Jay DeVries, Spencer, Iowa, 1,092; 6. Darwin Brown Jr., Jackson, Minn., 1,078; 7. Levi Heath, Wilton, Iowa, 1,063; 8. Brooke Fluckiger, Columbus, Neb., 1,055; 9. Tanner Uehling, Norfolk, Neb., 1,045; 10. Shannon Pospisil, Norfolk, Neb., 1,043; 11. Shawn Hein, Beatrice, Neb., 1,032; 12. Kaitlin DeVries, Spencer, Iowa, 1,013; 13. Ashlee Kelly, Fairmont, Minn., 954; 14. Mitch Meier, Chilton, Wis., 897; 15. Barry Taft, Argyle, Iowa, 867; 16. Michael Meier, Chilton, Wis., 858; 17. Dustin Jackson, Oneill, Neb., 857; 18. Hunter Benson, Forest City, Iowa, 832; 19. Austin Friedrich, St. James, Minn., 820; 20. Julia Childs, Weatherford, Texas, 803.