Latest on Regulation & Reform – Page 140
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NewsNordic roundup: KLP sells out of Oslo Stock Exchange stake
Also: Norwegian lobby group backs long-term investing rule change; PKA reveals DKK1bn investment in Dutch green bond
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Romanian government eases grip on second-pillar system
Crippling capital requirements on providers have been defused significantly, and the industry sees a “chance for survival”
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Dutch pension sector cautiously positive about reform agreement
Low-funded schemes emphasise that danger of benefit cuts has not disappeared entirely despite this week’s progress
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NewsCorporate climate-related financial information ‘still insufficient’: TCFD
Task Force on Climate-related Financial Disclosures uses artificial intelligence to analyse effectiveness of disclosures on climate-related issues
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UK and Dutch regulators to increase co-operation ahead of Brexit
The agreement between the FCA and AFM is to apply in both a deal and no-deal Brexit scenario
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NewsDutch social partners and government reach agreement on retirement age
Underfunded schemes are temporarily off the hook after the minister for social affairs agreed to temporarily relax minimum funding rules
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High street chain agrees £310m pension funding deal with regulator
Arcadia, owned by Sir Philip Green, is attempting to cut its debt bill to stave off bankruptcy and has secured the support of the Pension Protection Fund
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NewsBlackRock cites auto-enrolment, UK’s NEST as model for French reform
Asset manager sets out a host of recommendations for pension saving reforms contained in the Pacte law, including auto-enrolment and pensions dashboards
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ESG roundup: LSE buys analytics provider Beyond Ratings
Also: Exclusions lead sustainable investment surge in Switzerland; EIOPA consults on climate change and Solvency II; UK minister says schemes ‘doing the right thing’ on climate change
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Dutch industry schemes combine DC accrual with collective benefits
Pension funds are ‘getting in lane’ for expected pensions reform, which could see individual DC accrual replace the Netherlands’ traditional model
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UK regulator adopts rules to boost stewardship transparency
New rules to implement revised Shareholder Rights Directive push asset managers to disclose engagement policy and explain contribution to long-term value
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Dutch government, unions reopen pension reform talks
Social affairs minister Wouter Koolmees offers to reopen negotiations from next week after two days of strike action across the Netherlands
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Irish pension funds voice ‘frustration’ at regulatory delays
Government ‘cannot take its foot off the gas’ over the summer if it is to succeed with ambitious reforms, IAPF says
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NewsChart of the Week: AP7 boosts share of Swedish DC system to record 42%
Government report shows AP4 has posted the best long-term annualised return among the four main state pension buffer funds
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NewsUncertainty persists over Ireland’s IORP II transposition
Minister says drafting of regulations is ‘at an advanced stage’ – but a judicial review filed by trustees means the timeline is still unclear
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FCA urged to investigate fund manager voting policy ‘market failure’ [updated]
Pensions minister tells ‘obstructive’ fund managers to shape up on corporate governance after trustee association files official complaint with UK regulator
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NewsSwiss authorities consider ban on pension broker commission
Pension fund association Asip has supported plans to overhaul the country’s rules on fees paid to brokers for promoting second-pillar funds
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NewsGerman Pensionskassen announce major cuts to reserves
Ailing Caritas and Kölner PK have agreed recovery terms with member representatives and the national financial regulator BaFin
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NewsStudy highlights imbalance between dividends and pension payments
LCP found that FTSE 100 companies paid £90bn to shareholders and just £13bn to pension funds in 2018
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NewsChart of the Week: Brexit helps Ireland hit record AUM
ETFs, Brexit transfers and market performance pushed Irish AUM to an all-time high of €2.64trn in the first quarter of 2019, according to new data
