Latest on Regulation & Reform – Page 277
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NewsLawmakers blast Shell pension fund for 'sidestepping' workers council
NETHERLANDS – Government vows to prevent firms from setting up new schemes without worker input.
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NewsNo need for harmonisation of pension mechanisms across EU – AEIP
EUROPE – Association responds to preliminary results of first QIS for revised IORP.
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Swiss pension fund BLPK turns to voters to decide funding fate
SWITZERLAND – Pension fund for canton of Basel struggles to resolve funding problems.
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NewsIreland publishes details of consumer-focused Pensions Council
UK – New council to include 12 members, with government and regulatory representation.
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NewsEC ready to drop key IORP II proposal 'in exchange for portability directive'
EUROPE – Sources close to European Commission say number of member states willing to strike deal.
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NewsSweden sets out details for Solvency II discount rate
SWEDEN – Finansinspektionen says rate should be more stable, predictable.
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NewsDutch MPs grill Social Affairs secretary over pension governance reform
NETHERLANDS – Participants, pensioners should not be given new rights of advice, Klijnsma says.
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NewsDanish government sets out 'challenges' for pensions industry
DENMARK – Offers to extend easier discount yield curve, but threatens legislation on transparency.
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NewsUK consultation on LGPS to examine pension fund inefficiencies
UK – Minister says evidence needed to show how efficient small schemes are.
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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.
