01/10/2013
As of 1 October 2013 the index applicable to employees’ remuneration will increase from 756.27 to 775.17. This raise implies a mandatory salary increase of 2.5% in gross salaries paid under Luxembourg employment contracts.
As of 1 October 2013 the index applicable to employees’ remuneration will increase from 756.27 to 775.17. This raise implies a mandatory salary increase of 2.5% in gross salaries paid under Luxembourg employment contracts.
The EU Parliament adopted legislative amendments to the EU’s prudential regime for insurance and reinsurance undertakings, also known as Solvency II, that may incentivise (re)insurers to invest more in long-term capital, including in ELTIFs and AIFs with a lower risk profile.