Government wants to close loophole allowing sponsors to abandon underfunded schemes
€55m to go towards fund targeting more timber supply, with European Investment Bank also involved
Proponent of bill claims ISIF lost €100m in three years from exposure to fossil fuel price swings
State-owned AIB agrees pay and pensions deal with union; Fianna Fáil tables pensions law amendment
Firm pledges to establish new office as part of investment by sovereign development fund
Sovereign wealth fund to take 32% stake in Finance Ireland
Quantitative easing, Brexit and corporate bond yields all contribute to combined shortfall
ISIF investment will see creation of research centre, employing 150 staff
Irish industry association, consumer group back regulation to avoid monopolies
Chief executive says action on universal pension has also been ‘parked for too long’
Industry group draws inspiration from New Zealand, Australia
Ireland is on the verge of radical pension reform, with the government and regulator laying the groundwork for a defined contribution future
IAPF questions two-year experience threshold included in Pensions Authority’s wide-ranging consultation
Pensions Authority sets out reform proposals ahead of submission to government in late 2016
Bank sees deficit of country’s largest DB funds nearly double in wake of vote
Proposed ‘rainy day’ fund could be supported by funding from existing sovereign development fund
Industry veteran to take up role with Society of Actuaries in Ireland
US regulator files case against Ross McLellan for engaging in $20m fraud
Union umbrella group calls for mandatory pension savings into trust-based fund
Social protection minister lists universal retirement scheme among priorities
Gail Moss assesses the effect of two new regulations on the asset allocation of Irish pension funds in a continuing low-yield environment
James Kavanagh says visionary thinking is needed to meet Ireland’s pension challenges
Mick O’Byrne looks at the accounting deficits of Irish defined benefit pension schemes
Since 2010, successive governments have proposed, or at least hinted at, sweeping pension reform. But this could finally become a reality in 2017, as the regulator publishes a report on the market, finds Jonathan Williams
Ireland’s sovereign development fund is fully established and building up a sizeable and diverse portfolio
German funds’ returns and top-up payments helped keep funding level as interest rates fell
New accounting standard could weaken current rules on banks’ loan loss provisions
Also: Phoenix Life secures buy-in with own pension fund; L&G dominates 2016 de-risking
Audit firms require ‘more than just limited improvements’
There is a live debate in the Netherlands with regard to the pensions (or lack of them) of the million-plus group of self-employed, or zzp’ers in Dutch
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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.
IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.
Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.
Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.
The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other
The lack of demand rather than supply for both credit and capital is a common criticism from investors of the EU’s capital market union (CMU) programme
A few more European cross-border lending opportunities have started to emerge. This follows anticipation of the European Investment Plan launched by Jean-Claude Juncker
There has been a flurry of activity and comment from industry groups on the subject of bond market liquidity