Latest on Regulation & Reform – Page 141
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Ex-regulator slams piling up of pension fund rules
A former head of pension fund supervision in the Netherlands has argued that risk reduction requirements for schemes are over the top and counter-productive
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Swiss voters approve €4bn recapitalisation of Geneva pension fund
A plan worth CHF4.4bn will take the Swiss canton’s public pension scheme to a funding level of 75%, but without a DB to DC shift
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NewsManagers urged to comply with new cost disclosure templates
Minister warns government could legislate to enforce new transparency codes if managers fail to adopt the templates voluntarily
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Swiss back top-up cash for state pension fund in referendum
Proposal, which was linked to corporate tax reform, foresees an extra CHF2bn (€1.8bn) annually for state pension plan from 2020
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UK regulator to expand scope and powers [updated]
The Pensions Regulator says it will take a greater interest in more pension schemes as part of its latest corporate strategy
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NewsFive banks hit with €1bn in fines after ‘banana split’ FX cartel uncovered
Barclays, the Royal Bank of Scotland, Citigroup, JPMorgan, UBS and MUFG Bank fined by European Commission over ‘Banana Split’ and ‘Essex Express’ cartels
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AnalysisAnalysis: Experts warn of bank stress test impact on covered bonds
ECB’s banking sector stress tests have caused concern among covered bond analysts over the potential impact on the attractiveness of the asset class
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NewsMaster trust authorisation process attracts 38 applications
The UK’s new regulatory regime for multi-employer defined contribution schemes has approved six providers so far
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NewsChanging Dutch accrual rates needs more attention, says Shell scheme
Compensating older workers for the negative effects of a switch to degressive accrual won’t be feasible for many pension funds, according to the €27bn scheme
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NewsTrade union issues ultimatum on Dutch pension reform
Plus: SSGA encourages unions and employers to engage with reform plans as informal discussions resume
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Swedish asset managers warn against latest pension reforms
The Swedish Investment Fund Association claims changes to the first-pillar Premium Pensions System will reduce competition and limit choice for savers
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Stagecoach sues UK government over pension-related rail franchise ban
The transport company is taking legal action after it was banned from three franchises for refusing to take on funding risk related to Railpen
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German minister demands mandatory workplace pensions
At pension association aba’s annual conference in Bonn, politicians appear impatient for improved workplace pensions coverage
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Falling costs and strong returns prompt KLP price cut
Norwegian municipal pension provider’s premium reduction comes as reforms threaten its near-monopoly on local authority sector
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Investors urge UK to act on 2050 zero emissions target advice
The UK’s business and energy secretary has pledged that the government ‘will do more’ amid grpwing investor pressure for action
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ESMA: ‘We need to be more nuanced about sustainability’
Sustainability is about more than a binary choice between ‘brown’ and ‘green’ assets, says Europe’s top financial regulator
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ATP backs ethical currency trading code
Denmark’s largest pension fund is one of the first schemes to sign up to new code run by BIS, after “irregularities” in currency markets
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Hedge funds warn regulators over ineffective ESG regulation
AIMA argues scope of regulation must include corporate disclosure
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NewsSwedish government expands AP funds’ investment freedom
AP funds 1-4 to be given more flexibility to lend to real estate and holding companies they invest in
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NewsInternational bodies seek to address corporate climate data demands
Standard setters collaborate on resource to help bridge TCFD “implementation gap”
