Latest on Regulation & Reform – Page 283
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UK roundup: Mercer, Redington, smoothing, TPR, PPF
UK – Smoothing will simply create ‘narrow, rules-based approach’, Mercer warns.
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NewsExperts point to unanswered questions over Swiss shareholder vote
SWITZERLAND – Bill may force smaller schemes to rely on handful of engagement firms.
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NewsEnd of contracting out will not have 'seismic' effect on DB funds, says Webb
UK – UK pensions minister identifies IORP II as far bigger threat to industry.
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NewsNew mortality tables increase Norwegian reserve demands
NORWAY - Funds, insurers get five years to increase provisions in line with changes.
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Former BoE deputy governor predicts 'different sorts of QE'
UK – Canadian Mark Carney’s arrival will see further monetary activism, predicts Sir John Gieve.
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NewsEIOPA notes 'inconsistencies' in QIS as it pushes for next exercise
EUROPE - EIOPA chairman hopes more funds will participate in 'less elaborate' future QIS.
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NewsPPF's Judge 'trying to help' to launch defined ambition
UK – Chairman says shift to DC leaves members 'ill-equipped' to deal with investment risk.
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NewsAmbachtsheer criticises 'dysfunctional' NEST restrictions
UK – Academic calls for license system for auto-enrolment funds, questions Dutch rights cuts.
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NewsUK roundup: Institute for Fiscal Studies, Wolseley, ACA
UK – More UK women are now staying in work as state pensions start later, study shows.
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![EU Court of Justice rejects pension funds' claim over VAT payments [updated]](https://d3ese01zxankcs.cloudfront.net/Pictures/100x67/7/7/9/43779_gavel+dark.jpg)
NewsEU Court of Justice rejects pension funds' claim over VAT payments [updated]
EUROPE – NAPF, Wheels Common Investment Fund lose case against UK HM Revenue & Customs.
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NewsUK increases local authority infrastructure threshold
UK – Local authority funds allowed to invest additional 15% in limited partnerships.
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NewsUK pensions minister calls for government-backed DC protection fund
UK – Fund could be best response to 'challenges' posed by private sector solvency requirements.
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NewsEIOPA to conduct stress test on impact of low interest rates
EUROPE – After focusing on insurers, authority to assess impact on occupational pensions this year.
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NewsCourt backs pension fund's claim in mortgage-backed securities lawsuit
GLOBAL – Royal Bank of Scotland, Deutsche Bank dealt blow by US Court of Appeals in Manhattan.
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NewsAPI cross-border pensions vehicle too focused on Dutch market, says Mercer
EUROPE – Consultancy cites 'relatively strict' Dutch supervision as potential deterrent.
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NewsLondon fund calls for end of 'prescriptive' investment rules
UK – Borough of Camden recommends prudential approach for local government pension schemes.
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NewsClearinghouse launches industry group to measure EMIR impact
EUROPE – CME Clearing Europe questions effect of Article 47.3 on pension funds.
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NewsNetherlands to replace 'multi-scheme' pensions vehicle with new API
NETHERLANDS – Complicated vehicle has been more than six years in the making.
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NewsBelgium opposes 'Solvency II-inspired' measures in revised IORP Directive
EUROPE – Country joins Germany, Ireland, Netherlands and UK in opposition to proposed measures.
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Changes to Czech law for third pillar leads to spike in new contracts
CZECH REPUBLIC – Number of pension plans grows by 12.5% year on year to more than 5.1m.
