Latest on Regulation & Reform – Page 159
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News
Ireland outlines plan for auto-enrolment regime
Contributions will reach 12% of salary by 2028 under proposed pension reform
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NewsInvestors warn EC over definitions in sustainable finance proposals
EFAMA expresses concerns with narrow focus on impact or thematic investing
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NewsLGIM backs call for IOSCO to foster harmonised climate risk reporting
Non-profit groups urge action from securities regulators to promote common standards
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PKA, Danica referred to fraud squad over suspected competition breach
Danish pensions rivals made joint bid for Salling Group contract that may have inadvertently broken rules
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German pension body slams European Commission ESG plan
Industry association rejects plan for delegated acts to ‘specify’ ESG rules under IORP II
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NewsTeething problems to delay transaction cost reporting for DC schemes
Managers still working on building internal technology necessary to record the required information
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NewsUK regulators join forces to tackle pensions fraud
Fraudsters reported to con victims out of an average of £91,000 per person
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NewsGAM to liquidate absolute return bond funds following redemption requests
Up to €6.3bn could be returned to investors as GAM seeks to meet wave of redemption requests
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DAX scheme funding levels hit by European stock performance
As liabilities increase with lower rates and longer life expectancy, returns at DAX companies fail to boost funding
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EC fires starting gun on development of ESG integration rules
ESMA, EIOPA to provide technical advice on potential changes to financial sector rules
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NewsECON rapporteur sets out stall on investor ESG duties proposal
MEP proposes mandatory due diligence and consultation with beneficiaries
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UK politicians launch cost transparency inquiry
Work and Pensions Select Committee draws together its previous work and regulatory findings for new probe
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GAM forced to halt dealing for €6.3bn bond funds after redemptions spike [updated]
Clients began pulling money out earlier this week after the suspension of fund manager Tim Haywood
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Date with destiny? Schemes mull ‘Brexit day’ valuations
Some UK funds are considering changing the date of formal valuations – but advisers are split on the benefits
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Brexit fuelling rapid increase in cross-border strategies, survey finds
State Street reports that more than half of 250 asset managers polled are reshaping their distribution strategies
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German longevity data adds €10bn to Direktzusage liabilities
First update since 2005 expected to increase liabilities by 1% for companies paying pensions direct from balance sheets
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UK government urged to develop ‘responsible investing framework’
Aon also warns against wording of government’s proposal to take members’ views into account regarding investment decisions
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Regulator sets out model for UK master trust authorisation
Multi-employer DC schemes will have to obtain permission from TPR to operate from October
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Ireland eyes DC consolidation with master trust rule changes
Pensions Authority expects more master trusts in wake of IORP II
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NewsPoliticians issue fresh call for secondary annuities market
Idea to extend pension freedoms to annuity holders was discussed but rejected by government in 2016
