Latest on Regulation & Reform – Page 275
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NewsUK Pensions Regulator warns on asset-backed funding risks
UK – Threatens intervention where DC schemes fail to meet value-for-money standards.
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NewsUK urged to relax daily-pricing requirement for DC schemes
UK – DC Investment Forum says DC schemes unable to reap full benefits of diversification.
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NewsPension funds' hands tied on low-yielding sovereign bonds – APG
EUROPE – Head of ALM Onno Steenbeek also warns against 'real threat' of longevity increases.
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NewsFTT to have greater impact on pension funds than expected – AFME
EUROPE – Association takes issue with European Commission's reasoning on controversial tax.
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NewsEIOPA seeks views on single market for personal pension products
EUROPE – Stakeholders will have until 16 August to provide feedback on pan-European market.
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Towers Watson reveals impact of QIS on German pension funds
GERMANY – Technical reserves for Pensionsfonds soar by 50% using new solvency requirements.
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NewsSingle regulatory system needed to avoid 'conflicts of interest'
UK – Unclear governance could see prudential concerns 'outweigh' considerations of conduct.
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NewsPot-follows-member approach to foster short-termism – NAPF
UK – Chairman says government's preferred approach to consolidation will damage UK system.
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NewsNetherlands to stick with board models in governance legislation
NETHERLANDS – Social Affairs state secretary says all five board models 'practicable'.
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German pension fund association calls for 'breathing room' on funding
GERMANY – Germany must ‘lose fear’ of temporary underfunding, chairman says.
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IORP II is 'more than just a pensions issue', warns PensionsEurope
EUROPE – Solvency II-type regulation ‘not the most efficient way’ of getting Europe back on track.
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NewsPwC points to 'other ways' to collect pensions money from overseas companies
UK – TPR will still have options if Supreme Court ruling goes against it, consultancy says.
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NewsGerman pension funds call for end of discount-rate disparity
GERMANY – Pension association aba criticises differing regulatory, accounting rates.
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NewsEU Council OKs proposals to reduce reliance on rating agencies
EUROPE – New rules aim to end pension funds' 'over-reliance' on external ratings.
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NewsIMF warns Dutch pension funds against mortgage investments
NETHERLANDS – Says pension funds should not be incentivised to alter asset allocation.
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NewsDWP promises consultation on DC default charge cap
UK – Webb unveils consultation as DWP publishes Pensions Bill for single-tier state pension.
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NewsTPR 'inadvertently' imposes higher risks on schemes, consultancy says
UK – Comments come as UK government publishes draft wording of regulator's new statutory objective.
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NewsTobin tax to 'dry up' secondary market, academic warns
GLOBAL – ICMA's Richard Comotto warns of impact of Europe's proposed financial transaction tax.
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UK pension regulator's statement on deficits signals 'era of flexibility'
UK – Funding statement welcomed for offering trustees greater flexibility in addressing deficits.
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NewsEIOPA estimates for pension rights cuts too high, says Dutch regulator
EUROPE – DNB says more quantitative impact studies needed to find 'appropriate way forward'.
