Geopolitical tensions look set to be felt across Europe in 2017. Daniel Ben-Ami and Carlo Svaluto Moreolo outline some of the most important
Plegt-Vos is the first Dutch company to relocate a defined contribution plan to Malta.Maarten van Wijk reports
Case brought by European Commission finds republic in breach of EU treaties
CFO cites lower costs than standard Dutch DC plan
Is the EU a community of states or just a trade organisation structured to stimulate demand in favour of the stronger economies? That existential question can provoke much discussion, but the relationship between the EU and Greece in the years ahead may provide the real answer.
A lot of fresh thinking is needed to resolve the European Union’s existential crisis, writes Joseph Mariathasan
The re-election of prime minister Alexis Tsipras does not mean the country’s troubles are at an end, warns Joseph Mariathasan
Employer group backs introduction of voluntary third-pillar system over compulsory second-pillar system
Joseph Mariathasan debates whether the euro-zone has done enough to stimuate Greek economic growth
The Greek crisis will be a turning point for Europe, but it is for political leaders and not the ECB to decide in which direction, argues Joseph Mariathasan
Asset managers remain concerned about euro-zone exit, impact on long-term investment prospects within region
Many hedge funds have bet Greek politicians, EU technocrats will avoid Grexit
The Turkish government is reforming its private pensions system in a bid to boost the country’s savings rate
Rachel Fixsen reviews the Cyprus Hotel Employees Provident Fund with Marinos Gialeli, its general manager
Asset managers call for calm in euro-zone despite expected Greek default
The argument must be made that there is a special relationship that ties countries within the EU together, argues Joseph Mariathasan
Report by Pensions Strategy Group says soft compulsion potentially needed if third-pillar reforms fail to boost contribution rates
Natixis Asset Management says Greek exit could tempt other member states to leave single currency
DC options would let people organise their lives better, according to paper
Greece’s exit from the EU could cause other countries to follow, and ultimately lead to the destruction of monetary union
Amendments to pension market rules are opening opportunities for pension funds to diversify their portfolios through investments in property and foreign equities. Reeta Paakkinen reports
Turkey is introducing auto-enrolment for private pensions this year, although full details are still to be announced, writes Reeta Paakkinen
UK actuarial association issues ‘Risk Alert’ on climate change
Poll of pension scheme sponsors finds average discount rate has hit negative level after inflation
Regulator criticised for lack of transparency over negotiations with two oil and gas companies
The travails of defined benefit pension schemes and insurers are well known as they seek to meet liabilities made in previous decades in today’s ultra-low-rate environment
The current vogue for optimism about the prospects for the developed economies is overdone. There may be a slight cyclical upturn but its significance is limited
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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.
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