Latest on Regulation & Reform – Page 279
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News
UK 'would not rule out' LGPS merger, but more evidence needed
UK – Official says mergers remain ‘untested’, calls for more evidence of benefits.
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NewsSwiss ruling to create 'blacklists' for vehicles lacking transparency
SWITZERLAND – Pension funds must include cost of collective investment vehicles in annual reports.
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NewsWaterford Crystal case casts doubt on changes to priority order in Ireland
IRELAND – Introduction of protection scheme would require changes to Section 50, LCP warns.
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NewsIreland revamps pensions watchdog over 'regulatory capture' concerns
IRELAND – Pensions Council tasked with devising regulation with emphasis on consumer outcomes.
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NewsECJ cites Ireland for failing to protect pension benefits adequately
IRELAND – Failure to guarantee at least half of benefits a 'serious breach' of responsibility.
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NewsUK MPs call for single pensions regulator, regular review of charges
UK – Warns DWP not to focus on 'defined ambition' to detriment of good governance.
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NewsSwedish workplace pension association joins PensionsEurope
EUROPE – Having strong relationship just with local regulator 'not enough anymore', group says.
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NewsPension fund for pharmacists takes initiative on investigation
NETHERLANDS – Recommends setting up committee with representatives from branch organisations.
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NewsIrish pension industry should consider infrastructure fund, OECD says
IRELAND – Report suggests country's industry emulate Australia's Industry Funds Management.
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NewsUK publishes details of 'pot follows member' consolidation
UK – DWP says Webb's 'big fat pot' proposals not to include DB funds 'at this stage'.
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NewsIreland 'very actively examining' wind-up order for pensions
IRELAND – Minister seeks to allay fears that future savings could be nationalised.
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News
Swedish roundup: AP2, Swedwatch, AP funds, AP6, Aibel, Ratos, Ferd
SWEDEN – Swedwatch blasts AP2 for lack of transparency on Brazilian farmland investments.
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NewsOECD report on Irish pension system backs compulsion over auto-enrolment
IRELAND – Organisation calls auto-enrolment 'second-best', notes higher costs in implementing system.
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NewsUK review of 'fiduciary duty' not magic solution, expert warns
UK – Head of Sustainable Finance Project says definition of term must be flexible.
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NewsDanish pensions association blasts government for lacking 'compass'
DENMARK – Latest pensions legislation nothing more than bid for short-term tax revenue, F&P says.
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NewsAuto-enrolment most politically viable reform, says IAPF
IRELAND – Association weighs advantages of compulsion, auto-enrolment ahead of Monday's OECD report.
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NewsAon Hewitt welcomes plan to link Irish liabilities to own debt
IRELAND – Consultancy says smoothing proposal, linking liabilities to Irish debt has merit.
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NewsEU to amend social, environmental transparency rules for large companies
EUROPE – New rules to apply only to companies with more than 500 employees.
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News
Second-pillar members can expect third more income, Lithuanian study shows
LITHUANIA – Central bank study lauds potential of second-pillar participation.
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NewsBelgium sets up committee to assess reform of pension system
BELGIUM – Experts to provide advice on reforms contributing to sustainability of system.
