Latest on Regulation & Reform – Page 284
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News
UK roundup: State pension, contracting out, TUC, Aviva, NEST
UK – Union umbrella group warns against ‘unnecessary’ override.
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NewsUK pensions regulator needs more resources, not new objective – SPC
UK – TPR should not be 'forced' to consider additional statutory objective.
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NewsUSS calls for more flexibility in calculating scheme sustainability
UK – Accounting based around 'snapshot' of market should be given greater flexibility.
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NewsAustrian pension fund association demands exemption from FTT
EUROPE – FVPK rejects European Commission claim that impact on schemes will be 'extremely limited'.
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NewsEuropean Commission calls for tax reform to encourage active ageing
EUROPE – Modern tax, benefit system should 'incentivise' participation in labour market.
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NewsDutch adviser calls for tax on future pensions to cut government debt
EUROPE – Move would put government in better position to overhaul tax system, Yellowtail says.
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NewsPension funds doubt EMIR will reduce derivatives risk
EUROPE – Majority of respondents to Redington poll admit to being unprepared for legislation.
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NewsKazakh central bank to manage country's single pension fund
KAZAKHSTAN – Country's 11 previous funds meet president's one-month deadline to consolidate.
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NewsDanish FSA increases board expectations for pension funds
DENMARK – Regulator catches industry by surprise with board competence demands.
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![EIOPA calls for new approach to DC information disclosure [updated]](https://d3ese01zxankcs.cloudfront.net/Pictures/100x67/7/0/8/43708_Accountancy+numbers.jpg)
NewsEIOPA calls for new approach to DC information disclosure [updated]
EUROPE – EU policymakers must change tack to improve disclosure, authority says.
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News
Debate over discount rate for pensions divides experts
EUROPE – Experts reject consultancies’ call for discount rate based on expected returns.
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NewsBrussels takes Netherlands to court over 'old-age discrimination'
NETHERLANDS – EC criticises Dutch government over treatment of taxpayers living abroad.
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NewsBrussels to 'calibrate' all directives with long-term investing Green Paper
EUROPE – Commissioner Michel Barnier says directives would include CRD IV, Solvency II and IORP II.
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NewsAP3 buys SEK1bn property portfolio as fund returns 11%
SWEDEN – Buffer fund acquires more than 70 local retail properties from Axa Real Estate.
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NewsSwedish roundup: Peter Norman, PPM system, Norrporten
SWEDEN – Peter Norman takes dim view of proposal to limit number of providers in PPM.
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News
Towers Watson, Aon Hewitt urge EIOPA to drop market discount rate
EUROPE – Joint response by German consultancies allege EIOPA ‘willfully damaging’ European pensions.
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NewsTPR lacks 'realistic remedies' for master trust conflict of interest
UK – Union praises work done by UK Pensions Regulator, but calls on DWP to lead on governance.
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News
Sweden extends temporary discount rate floor ahead of Solvency II
SWEDEN – Six month extension means country will transition directly to Solvency II discount rate.
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NewsFoundations 'the losers' if European Statute not passed soon
EUROPE – Lobby groups urge speedy adoption of European Commission legislation proposed last year.
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NewsDutch government withdraws support for financial transaction tax
EUROPE – Latest version of Brussels' controversial proposals no longer exempt pension funds.
