Latest on Regulation & Reform – Page 267
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NewsDutch pension funds invest 14% of assets locally – DNB survey
NETHERLANDS – Schemes have nearly €13bn invested in Dutch mortgages, regulator says.
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NewsFSB studies systemic risk caused by potential failure of pension funds
GLOBAL – Board does not rule out including pension schemes in 'to0-big-to fail' resolution.
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NewsNorwegian oil fund revokes exclusion of Israeli companies
NORWAY – Construction firm and holding company excluded in 2010 over Geneva Convention violation.
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NewsPolish securities sector comes out swinging against pension reform plan
POLAND – Organisation highly critical of government recommendations, focus on second pillar.
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Neighbouring UK councils consider £4bn pension fund merger
UK – Local authorities hopeful of support for plan that predates government merger consultation.
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NewsPension funds should 'come up with own credit-risk assessments' – BaFin
GERMANY – Financial institutions must not 'automatically rely' on ratings when evaluating solvency.
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NewsDutch giants APG, PGGM exploring possibility of future LIBOR claims
NETHERLANDS – APG describes probe as 'complex', concedes LIBOR-rigging may have benefitted business.
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NewsSwiss put insurers' second-pillar admin costs under microscope
SWITZERLAND – Study will be third in series commissioned by government on pension reform.
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NewsDanish pensions industry criticises government's corporate bond plan
DENMARK – F&P concerned pension companies will become 'car park for bad loans'.
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NewsLPFA chief executive Mike Taylor to retire
UK – Susan Martin takes over as interim CEO until successor appointed later this year.
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NewsBIS calls for feedback on longevity-risk transfer market
GLOBAL – Bank for International Settlements aims to avoid 'breakdown' in risk-transfer chain.
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NewsUK state pension reform to trigger DB scheme closures – Aon Hewitt
UK – End of contracting seen by many companies as reason to close schemes.
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Four in 10 Irish DB schemes yet to submit funding proposals
IRELAND – Opposition Fianna Fail party reveals 40% remain in breach of June deadline, down from over 70%.
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NewsDutch should reconsider 'flawed' new FTK contracts
NETHERLANDS – Experts calls on social partners to design alternatives to real, nominal contracts.
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NewsIrish regulator proposes minimum standards for DC
IRELAND – Pensions Board proposes approach that would combat conflicts of interest in master trusts.
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NewsUK roundup: Auto-enrolment, DWP, Sembcorp, SEI
UK – Auto-enrolment opt-out rates see only 9% of workers in large companies veto pensions.
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NewsIASB Interpretations Committee rejects IAS 19 corporate lobbying bid
GLOBAL – European companies lobbied to relax discount rate for defined benefit pension liabilities.
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Austrian pension fund association expects union support on reform
AUSTRIA – FVPK says unions will back inclusion of occupational pensions in collective-bargaining.
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ESMA further clarifies custodians' role under contentious EMIR article
EUROPE – European regulator says custodians may be used for ‘operational aspects’ of clearing.
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Portugal submits draft pensions reform as it struggles with deficit
PORTUGAL – Government might try to change ‘sustainability factor’ calculation, Towers Watson says.
