Latest on Regulation & Reform – Page 272
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NewsESMA consults on 'best candidates' for derivatives clearing
EUROPE – Watchdog publishes consultation on definitions that will inform regulatory standards.
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NewsUnions dismiss Irish leader's suggestion state should be pensions 'paymaster'
IRELAND – Taoiseach Enda Kenny suggests taxpayer could end up being paymaster for insolvent schemes.
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Dutch Cabinet unveils proposals for new financial assessment framework
NETHERLANDS – ABP claims proposed FTK will do little to help stabilise contributions or discount rate.
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NewsTPR stands by proposal for independent audit of UK master trusts
UK – Underlines importance of providers having 'durable' business models.
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NewsOFT questions prospect of DC funds achieving scale
UK – Outlines next stages of engagement, focusing on scale, charges and governance.
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Irish parliamentarians argue over 'blatant injustice' of priority order
IRELAND – Government seeks to shift blame to previous Fianna Fáil administration.
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Dutch notaries scheme 'seriously' considering merger
NETHERLANDS - Discussions come after repeated rights cuts, with further cuts possible.
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NewsCommunication should be tailor-made to each fund – Dutch Labour Foundation
NETHERLANDS – Foundation praises member communication of Rabobank and DSM schemes.
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NewsIndustry associations issue warning on impact of IORP pillars two, three
EUROPE – Group of nine associations says pillars could end up shrinking occupational pensions.
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NewsDutch Senate passes Governance Act by slim margin after concessions
NETHERLANDS – New supervisory board RvT given right to hire and fire board members.
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NewsUK government agrees to lift restrictions on NEST in 2017
UK – Critics accuse government of caving in to special interests with delay.
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NewsHBS 'cannot work' and should be handled with care – AEIP
EUROPE – Association laments EIOPA's 'regrettable' lack of clarity on accounting approach.
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Ireland should back further pensions levy 'under no circumstances'
IRELAND – Employer group argues against new tax or extension of current levy.
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NewsNEST appoints Legal & General IM to direct real estate mandate
UK – UK scheme to allocate 20% of assets during growth period to asset class.
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NewsUK unveils 'tax-transparent funds' to rival UCITS-compliant vehicles
EUROPE – Funds to act as 'master feeder', allowing local investors to be taxed in home domicile.
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NewsPolitical threats overhang Czech, Polish pension systems
EUROPE – Second-pillar take-up a 'big disappointment' for all stakeholders involved.
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PPF benefit cap changes to add £140m to levy
UK – Increased cost, estimated through 2030, to be borne by those paying lifeboat scheme’s levy.
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NewsUK industry welcomes paper, but still wary of solvency issues
EUROPE – Anyone thinking solvency will be left alone must 'think again', Towers Watson warns.
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NewsNordic roundup: Finanstilynet 'overruled', Danica, AP Møller-Mærsk
EUROPE – Finanstilynet proposal on maximum interest rate used to calculate premiums overruled.
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EIOPA releases final report on HBS quantitative impact study
EUROPE – Authority also launches discussion paper on improved methodology to evaluate sponsor support.
