Latest on Regulation & Reform – Page 140
-
NewsLuxembourg regulator highlights hard Brexit implications for UK firms
CSSF requires notifications from financial services firms by 15 September and a further submission by the end of October in order to keep operating through a ‘hard Brexit’ scenario
-
News
Energy firm awards Aon £400m fiduciary mandate as new rules bed in [updated]
Schneider Electric awarded fiduciary management contract after competitive tender in accordance with new laws in force since early June
-
News
EIOPA opinion on ESG misrepresents IORP II, says PensionsEurope [updated]
‘Incorrect to indicate that pension funds are required to take ESG factors into consideration as part of investment policy’
-
News
EIOPA IORP II opinions refuel prudential requirement fears [updated]
PensionsEurope said the opinions do not reflect the underlying character of the IORP II directive and reiterates fears of capital requirements being introduced ‘through the back door’
-
News
Targeting people not in paid work could narrow gender pension gap: PPI
Pension Policy Institute finds 50% more women than men to retire with no private pension
-
News
€11bn Dutch medical consultant scheme not keen on system reform
Pension fund for self-employed medical consultants says that with its 3% fixed inflation compensation, it already had an ‘excellent’ pension plan
-
News
Swiss government sets out state pension reform plans for autumn debate
Parliament to decide in the autumn on proposed increase to women’s retirement age, new first pillar funding and other reform measures
-
News
EIOPA appoints ‘extraordinary’ expert group to help with PEPP work
The panel of 21 expert practitioners will test the regulator’s proposals for Level 2 implementing measures and act as a sounding board
-
NewsUK minister ups the ante on pension funds and climate change
Guy Opperman tells London Climate Action Week gathering that pension funds ‘must play a massive role’ in getting the UK to net-zero greenhouse gas emissions by 2050
-
News
Fitch warns on liquidity risk in European high-yield bond funds
Comments follow high-profile liquidity issues affecting H2O Asset Management, GAM and Woodford Investment Management
-
NewsSwitzerland edges closer to cutting conversion rate
Swiss employer representatives and unions have agreed on a reform package including changes to second-pillar pension law BVG/LPP
-
News
UK regulator toughens stance on poorly performing pension schemes
The UK’s Pensions Regulator (TPR) is seeking to accelerate pension scheme consolidation to raise governance standards. In a consultation paper launched today, TPR said it wanted to ensure all pension savers were in schemes with “excellent standards of governance that deliver good value” – which would mean “fewer but ...
-
NewsUK to explore mandatory climate reporting for pension funds, companies
Government green finance strategy welcomed, but investors emphasise it must only be seen as a first step
-
News
Half of FTSE 100 companies could buy out DB funds in 10 years: report
Diverting an additional 6% of profits would let 70% of FTSE 100 schemes buy out within a decade, says Barnett Waddingham
-
News
EC sustainable finance approach ‘could expose EU to legal risk’
Think tank argues that a confused understanding of sustainable investment ‘spoils’ the Commission’s package of measures to engage finance in the fight against climate change
-
News
Dutch government proposes lump sum payments at retirement
New concept for the Netherlands will form part of the country’s wider planned pension reforms
-
NewsFRC board warns over government delays to budget sign-off
Delays to agreeing the audit regulator’s budget for 2019-20 could hamper work on the transition to the Audit, Reporting and Governance Authority
-
News
New fund category to boost Swiss marketplace moves a step closer
The Swiss government has launched a consultation on legislative changes that would allow certain funds to be offered without prior authorisation
-
Country ReportIORP II: Race to adopt new rules
Putting the new IORP II rules in place will be a challenge for Italian pension funds in areas like risk management
-
Special ReportHave we passed peak regulation?
Securities insiders believe the tide of regulation is finally ebbing
