Dominic Chappell faces court over failure to provide documents to The Pensions Regulator
ITV claims it has no obligation to fund Box Clever Group Pension Scheme deficit
Chris Hogg oversaw the pension aspects of Royal Mail’s transition from state ownership
But pension schemes should have time to prepare response given ‘signposting’ of progress
Also: Austrian manager excludes carmakers; Trucost launches carbon priving tool
FTSE250 companies the focus of dissent over executive pay
Pension fund trustees may not get objective asset allocation advice from fund managers or investment consultants
JP Morgan to absorb external research costs under MiFID II
‘Pension funds that are very unlikely to meet their promises need another option beyond insolvency’
Scheme to receive £550m cash injection and equity stake in sponsoring employer
Buy-in demand could hit £50bn a year in next 15 years, consultancy claims
New entity will create one of the world’s largest fund groups
Geneva-headquartered company says approach cuts risk for $1.5bn pensions
Also: DB scheme funding improves in July; Railpen adopts optimiser tool for quant allocation
University fund posts 16.4% investment return boosted by currency
Local Pensions Partnership wants outside check on internal recommendations
Decision comes after Tier 3 investors either improved reporting or quit the code
Investors still concerned about large gap between company executives and rest of UK workforce
With a potential Brexit in sight, Carlo Svaluto Moreolo asks whether the assumptions underlying liability-driven investment (LDI) need to be reconsidered
Regulation is constraining pension funds’ ability to manage risk and they should prepare for future illiquidity
UK defined-benefit deficits are ballooning. The Brexit vote might initiate behavioural change, Stephen Bouvier writes
As the UK government consults on whether NEST should be allowed to enter the drawdown market, Jonathan Williams examines the arguments for and against its entry, and what the fund can learn from Australia
Katherine Lynas and Adam Gillespie point out that strong diversified growth funds distinguish themselves in performance terms at times of heightened market stress
FTSE 100 companies have pumped £150bn into DB funds in 10 years but large deficits remain
Latest monthly private sector DB deficit estimates give contrasting picture
IAS19 proposal could affect future sponsor contribution levels and viability of buyout plans, consultants warn
Accounting body proposes removing choice for sponsors to report interest
UK’s FRC says more work needed before updating GAAP in line with IFRS changes
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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.
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.