The UK currency has fallen versus the dollar and the euro in the immediate aftermath of a draft agreement emerging
Amber Rudd appointed as the third head of the DWP this year and fourth under Theresa May’s leadership
Consultancy group claims £50bn of insurance buy-ins could be affected by guaranteed minimum pension ruling
Pension fund open to range of options for £250m allocation
Asset managers and asset owners call for negotiators to protect interests of savers and investors
Trustee body and Transparency Task Force say key questions remain after introduction of disclosure models
Esther McVey tendered her resignation after prime minister Theresa May presented a draft Brexit agreement last night
Bradford Council and local government colleagues pay tribute to chair of Northern Pool and West Yorkshire Pension Fund
Friends of the Earth claimed some of the UK’s biggest funds were climate change ‘laggards’
Trial will test the use of an auto-enrolment-style ‘rainy day’ savings pot alongside pension fund
Plus: Family office hunts securitised credit investor; Danish foundation wants EM manager; German state appoints Hermes EOS
ESMA floats temporary solution for transferring uncleared derivatives contracts to EU counterparties
Sier chaired the industry working group that came up with the UK’s new cost disclosure models
But a bigger case for UK pension schemes is on the horizon
Plus: DB consolidator appoints service providers ahead of launch; RPMI Railpen reappoints BNY Mellon as custodian
PLSA, Investment Association and LGPS Advisory Board are backing the Cost Transparency Initiative
Proposals formulated in light of best execution requirement under MiFID II
Department for Work and Pensions seeks industry feedback on how to address member communication and intergenerational fairness
GMP equalisation estimated to add £15bn to liabilities in October
Shell Asset Management Company spots new opportunities as QE continue to suppress listed bond yields
High rents, online competition and lower consumer spending are all squeezing retailers, with implications for pensions
Consolidation could provide economies of scale, wider investment opportunities and better governance for pension schemes
Scottish local government pension funds looking to asset pool should carefully consider their options with a focus on their objectives
New two-year project responds to market demand
German equity investors have enjoyed the 13 years since the chancellor first took power
Stephen Haddrill has led the Financial Reporting Council since 2009
Plus: Manchester university staff to vote on strike action over pension changes; smaller companies open to master trust switching
Also: UK questioned over EFRAG conflict; PIRC’s concerns over troubled bakery; FRC urges annual reports shake-up
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Are non-peforming loans an investor’s dream come true? Or do they represent immeasurable risks?
Tensions are rising in Brussels as the EU institutional mandate approaches its end ahead of the Parliamentary elections in May 2019, and the Commission has already ceased issuing new proposals in the absence of legislative time.
The race is on to complete the EU’s flagship Capital Markets Union project before the mandates of the Commission and Parliament elapse next year
Another step by Brussels to ease financing to business across the EU comes with measures to facilitate the cross-border distribution of investment funds
PensionsEurope is concerned about a Brexit ‘no deal’ and is calling for negotiators to pay heed to the €3.54trn sector’s interests
Radical upgrades to the EU’s corporate tax base norms have never been so close to fruition
Europe’s asset management industry is lobbying against any mandatory guaranteed default option in the third-pillar PEPP proposal
As the risk of a no-deal Brexit comes into focus, attention is turning to ways to mitigate the damage across financial services, including asset management and pensions
The EU’s securitisation package has finally passed through the European Parliament and Council. However, the new rules will not be applied until January 2019
The EU’s controversial mandate for a radical shake up of financial supervision has received a cool reception from the pensions sector as well as smaller EU members
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