Latest on Regulation & Reform – Page 266
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NewsEIOPA calls for inclusion of ORSA, KID tools in revised IORP Directive
EUROPE – Chairman says EIOPA to improve methodologies for assessing holistic balance sheet.
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NewsPensionsEurope dismisses inclusion of schemes in 'too-big-to-fail' resolution
EUROPE – Lobby group says pension funds 'merely users of markets', not part of them.
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NewsDutch Pensions Federation rejects government proposal for new FTK
NETHERLANDS – Boards should strike 'right balance' between investment policy, contributions and indexation.
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PPF increases levy estimate by 10% but leaves rules untouched
UK – Lifeboat scheme’s estimated levy income to rise to £695m in 2014-15.
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NewsBrussels unveils proposals for money market funds
EUROPE – EC plan 'economically infeasible, operationally complex and impracticable', ICI says.
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Most Swiss pension funds expecting to miss return target, survey shows
SWITZERLAND – BVG commission nonetheless proposes increasing legal minimum return next year.
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NewsPolish government aims to 'shrink' second-pillar pension assets
POLAND – Local pension fund association decries de facto 'nationalisation' of private assets.
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TPR prepared to 'be creative' when helping pension funds
UK – Watchdog’s comments come after Kodak Pension Plan finalises acquisition of subsidiaries.
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NewsSpanish government unveils measures for reform of state pension system
SPAIN – Proposal links pension payments with life expectancy, economic conditions.
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NewsFCA fines Aberdeen for failing to 'protect' institutional funds
UK – Asset manager did not identify client money placed in money market deposits, watchdog says.
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NewsDutch scheme warns of contribution rises under FTK
NETHERLANDS – Fund for cabinet makers warns pension arrangements will 'further deteriorate'.
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NewsTowers Watson warns of Solvency II impact on captive managers
EUROPE – Regulation could have 'serious' implications for managers writing employee-benefit risks.
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NewsEuropean Commission cancels assessment of IORP capital requirements
EUROPE – Second study, overseen by Commission's Joint Research Centre, also halted.
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NewsDefined ambition pensions could be 'distraction' for UK government
UK – TUC says DA agenda risks distracting DWP from work of improving defined contribution schemes.
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UK roundup: Guinness Peat, Coats, TPR, East Sussex Schroders Property
UK – Coats planning to double pension plan contributions in bid to tackle £100m deficit.
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NewsItaly exempts pension funds from financial transaction tax
ITALY – Schemes will need to meet number of government requirements before qualifying for exemption.
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NewsUnited Capital, VIG come to agreement over Doverie sale
BULGARIA – Regulators in Bulgaria, UK must still approve controversial takeover.
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Danish roundup: PKA, PensionDanmark, E Pihl & Son, F&P on taxation
DENMARK – PKA reorganises bond portfolio to soften impact of rising yields.
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NewsFrance unveils pensions reform, ignores European Commission
FRANCE – Government asks companies to finance special accounts for 'hardship conditions' at work.
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Ryanair sale of Aer Lingus stake opens door for resolution of pension impasse
IRELAND – UK Competition Commission orders Ryanair to offload 30% stake in competitor.
