Latest on Regulation & Reform – Page 139
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Dutch pension system ‘in peril if interest rates remain low’, says minister
The government plans to address how low interest rates have affected the capital-funded system in a forthcoming ‘road map’ for pensions reform
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NewsDanish ‘wise men’ call for expansion of pension reform plans
Four academics have said a planned pension commission should have its remit expanded to address a number of issues within Denmark’s pension system
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Austria’s biggest pension fund ‘adds €1.5bn to economy’
Academic research shows economic impact of VBV Group’s investment activities; Survey shows dwindling faith in Austrian first pillar system
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NewsAccounting roundup: Committee warns on DB-DC ‘blurred lines’
Plus: FRC maps out its plan to transition to the Audit, Reporting and Governance Authority; Change to accounting rules for multi-employer pension schemes
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NewsAuto-enrolment success masks inadequate savings rates, industry warns
More people are saving into a pension in the UK following auto-enrolment, but the amount they are saving is far short of what is needed
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NewsUK public sector schemes caught in consultant rule change
LGPS funds will be subject to new rules regarding the monitoring of investment consultants and fiduciary managers from December, having previously been exempt
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UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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Expert group releases climate taxonomy proposal
EC publishes guidelines for corporate reporting of climate-related information alongside three expert group reports on big day for the Commission’s sustainable finance plan
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Asset management roundup: UK, China regulators agree stock connect programme
Plus: DWS to sell €2bn hedge fund business to Alma Capital; MFS signs Italian distribution agreement with Deutsche Bank
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Unions voice support for Dutch pensions agreement
The pensions sector can start implementing areas of the agreement after two of the Netherlands’ largest unions gave it their support
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Report recommends sweeping changes to AP7 strategy
Mats Langensjö calls for more diverse investment approach for €44bn first-pillar default fund in new report
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ESG ‘lacks market standards and best practice’: Austrian National Bank
OeNB treasurer sees ‘major differences’ in implementation of ESG strategies by providers as their use spreads across the region
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Dollar, yen appreciation behind Philips scheme’s 2.4% investment loss
Pension fund wants to maintain currency hedge but has halved the value of the position ‘for strategic reasons’
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Discount rate change to increase chances of pension cuts at Dutch schemes
Committee led by former finance minister Jeroen Dijsselbloem has recommended reducing both the ultimate forward rate and assumptions for returns
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NewsHow the EU’s sustainability taxonomy will work for investors
Criteria for sustainable activities drawn up by EU-appointed experts could help reduce costs and reputation risks
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Ireland toughens capitalisation rules for DC master trusts
DC master trusts must hold at least €100,000 in reserve regardless of size, according to new requirements published today by the Pensions Authority
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Mandatory tendering for fiduciary contracts becomes UK law
Pension scheme trustees must conduct a competitive tender for any new fiduciary contract covering 20% or more of assets
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Bosch’s cross-border plan thwarted by regulatory hurdles
Engineering company transfers Austrian pension plan to local provider after regulations prevent consolidation within German Pensionsfonds vehicle
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FCA to revisit UK illiquid asset rules after high-profile fund suspension
Trading in shares of the £4.3bn LF Woodford Equity Income fund was suspended last week following a wave of investor redemption requests
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NewsUK signs off further reporting requirements for pension funds
New regulations to implement SRD II require schemes to set out policy on asset manager contracts and agreements
