Central European pension fund eyeing allocations of up to €100m to each asset class
Trade body urges government to promote higher contributions amid demographic pressures
Plus: Bulgaria’s regulator set for financial independence, new Polish pension plans take shape
Growth spurred by Warsaw Stock Exchange bull market
Falling share prices responsible for weaker returns
Fees and contribution rates may also be cut, says prime minister
Also: Estonia’s LHV pension fund invests in Lithuanian internet service provider
Passively managed pension plans will cost half of the industry average, INDEXO chief says
Local asset manager INVL buys fund; becomes second biggest investor in Lithuanian SME Fund
Regulatory and technical complexities cited for the delay
Recommendations include powers to raise levies, improve staff salaries, and receive statutory indemnity
Central bank encourages funds to diversify into assets backing the ‘real economy’
Law dismantling second pillar to be published by mid-year
Investment furthered Slovenian group’s expansion and market share
System is nevertheless deemed sustainable by Financial Supervision Commission
Pension fund association president says increased real assets exposure will help maintain returns in the future
Bond-weighted funds underwhelm, while equity funds exceed 9%
Alternative plan for total nationalisation resurfaces
Investment in corporate bonds, equities rises while deposits share declines
Baltic second-pillar pension funds face common challenges in a low-return environment, such as searching for yield and illiquid opportunities in a challenging regulatory environment
The election of a new government has added an element of uncertainty to pension reform
Political uncertainty means Romanian pension funds will have to wait for clarity on an increase in the second-pillar pension contribution rate
Krystyna Krzyzak reportson the latest reforms to Poland’s second-pillar pensions system
Plus: Big Four auditors could face £10m fines; IASB plays down involvement in non-financial reporting
Freedom of Information request reveals wide-ranging concerns about how new standard was finalised
Anonymous complaint alleged that standard-setter had made changes without going through formal processes
Also: FRC reveals audit quality stats; IASB nears final draft of conceptual framework
Investment committees have been pleasantly surprised by a fairly benign asset growth period from the Trump election onwards
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International investors in the EU have for decades been suffering from woeful dispute settlement proceedings when involved in cases against public authorities
Discussions over the payment of social costs for workers from central and eastern European countries posted temporarily to wealthier EU countries are playing a major role in the attempt to update existing directives
At first sight, the benefits of the European Commission’s Pan European Personal Pension (PEPP) regulation proposal seem clear. But it did not take long for commentators to point out the considerable hurdles
The European Commission’s “further steps to drive forward the Capital Markets Union (CMU)” outline nine new priority legislative actions to solve the EU’s long-term cross-border investment challenge
Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging
In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme.
Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’
The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.
The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification.
There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m
Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission
A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.
Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK
It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups
Pressure to clean up the financial sector has led to copious legislation from Brussels.
There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels.
Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper
Legislative moves to support the EU’s European Fund for Strategic Investments (EFSI) are being rushed through Brussels. But, so far, evidence of any torrent of fund movement by the institutional investment sector across EU frontiers has yet to emerge.
Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU
It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU.