Latest on Regulation & Reform – Page 137
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NewsNOW: Pensions authorised by UK regulator
Four more defined contribution master trusts have been signed off by The Pensions Regulator, bringing the total number of authorised providers to 31
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AnalysisAnalysis: Austrian election brings hope for pension reform
Consultant calls on Austria’s new government to talk about pensions “without ideology” as election looms on 29 September
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NewsInvestors warn EC over timeline for sustainable disclosure rules
PensionsEurope, EFAMA and others have called for a later application date but EC official says financial entities have had time to adapt to new requirements
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Coal presence in climate funds ‘points to need for more ESG oversight’
InfluenceMap highlights 22 climate-themed funds with coal exposure, while State Street highlights ‘important nuances’ of climate-aware investing
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Swiss pension bodies ‘increasingly concerned’ about negative rates
Switzerland’s pension fund association and others have appealed to politicians for action after the central bank kept its policy rate at -0.75%
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NewsInvestment restrictions eased for France’s €30bn ERAFP
Cap on equities and unlisted asset funds raised from 40% to 45% as part of changes to regulatory investment framework
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Weak funding levels are a threat to reform, says Dutch Pensions Federation
Schemes lack the cash to compensate older workers for a transition from average to degressive pensions accrual, says the industry trade body
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UK trustees ready for ESG reporting rules despite implementation challenge
A Hymans Robertson poll shines a light on how pension fund supervisors will handle new reporting rules coming into force in October
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NewsPRI to commission research on ‘sustainable pension systems’
PRI wants to explore an assumption that structure, policy and regulation of pension systems have a significant influence on schemes’ ability to pursue responsible investment
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Swedish pension funds slam draft IORP II solvency rules
Folksam, AMF and Alecta home in on proposals for traditional guaranteed pensions while industry association says ambiguities in the draft must be addressed
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NewsReprieve for Swedish pension firms as government delays reform
The Timetable for establishing a procured marketplace has been pushed back by four months to the start of 2021, giving managers more time to prepare
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NEST to launch regulated investment arm
The £8bn multi-employer scheme has requested authorisation from the UK regulator to set up NEST Invest to allow co-investments and derivatives use
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NewsSwedish pensions lobby says new IORP II rules too close to Solvency II
The regulator has revised its timetable for the implementation of IORP II, pushing the deadline back to January 2020 – a year after it was supposed to come into force
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Dutch Pensions Federation clashes with regulator on governance overkill
Industry organisation fears ‘unnecessary and costly’ changes from De Nederlandsche Bank while it is dealing with serious funding problems
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NewsUK Law Commission calls for input on pooled fund voting laws
The Law Commission was asked by the UK government to carry out a study about the system of ‘intermediated securities’
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AP Funds take active role in bid to tackle money laundering
The Swedish state pension buffer funds’ Council on Ethics gathered major banks and regulators together to discuss recent scandals
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NewsNEST gets green light for authorisation from UK regulator
Five more auto-enrolment master trusts have been approved by The Pensions Regulator
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NewsSwiss pension funds facing negative discount rates
Company pension schemes may need to use negative rates to discount liabilities – mean obligations could rise by around 15%
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Pension freedom policy was rushed, says FCA chair
‘A major change of policy like this needs a substantial period of planning and testing so that all necessary safeguards are integrated before it is launched’
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AP1’s sacked CEO invested personally alongside fund’s IPO deal
Swedish buffer fund chief to receive €595,000 in salary over next 18 months
