Latest on Regulation & Reform – Page 284
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NewsNEST says 'detrimental' restrictions placed on fund should end
UK – Responding to recent consultation, NEST calls for changes by spring 2014.
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NewsGreek pensions vehicle sees 'huge bet' on domestic bonds pay off
GREECE – Hellenic Pension Mutual Fund Management Company nearly doubles assets in six months.
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NewsAuto-enrolment's success depends on product quality, regulator says
UK – Chairman foresees emergence of de facto government-backed quality mark.
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NewsNAPF calls on UK government to drop NEST transfer restrictions
UK – Director of policy says NEST needs to be a success for auto-enrolment to work.
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NewsUK roundup: Steve Webb, NEST, OFT, Aon Hewitt
UK – Pensions minister tells conference OFT report's delivery by August 'vitally important'.
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NewsSmoothing must be applied to valuations beyond 2013, says NAPF
UK – Smoothing should be made more attractive by removing link to 2013 valuations, chairman says.
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NewsPublic service 'burden' offsets NEST's competitive edge – TUC
UK – Lifting restrictions now would ease admin for small companies, union group says.
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NewsDefined contribution default funds largely index-trackers, says NAPF
UK – Organisation's annual survey finds further decline in number of DB funds open to new entrants.
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NewsBeware 'unintended consequences' of smoothing, consultants warn
UK – KPMG criticises lack of detail in new government consultation on smoothing.
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AnalysisNews analysis: Are regulators denying real estate's long-term credentials?
Long-term investments could be recalibrated under Solvency II, but property might miss out.
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NewsInvestors neglecting EU member states' pension liabilities – EDHEC
EUROPE – Sweden, Luxembourg and Denmark's public finances 'less virtuous' than commonly believed.
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NewsIrish reserve fund expresses 'concerns' over State Street governance
IRELAND – Head of Irish debt management agency, charged with oversight of NPRF, awaits FSA report.
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UK consultation on liabilities smoothing comes 'too little, too late'
UK – Proposals to acknowledge ‘challenging economic conditions’ come alongside new TPR objective.
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NewsNetherlands unveils benefits scheme to bridge AOW income gap
NETHERLANDS – Scheme to support those facing income loss after increase of official retirement age.
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NewsRomanian government maintains second-pillar pension contribution rise
ROMANIA – IMF, EU approve newly elected government's draft budget for 2013.
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NewsDefined ambition will be 'patchwork', minister concedes
UK – Steve Webb confirms 'third option' pension would require primary legislation.
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NewsIreland's NPRF considers 'suite of funds' targeting SMEs
IRELAND – Minister's comments come as department refuses to confirm fund's continued existence.
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NewsBrussels investigates letter allegedly 'advising' against cross-border plans
EUROPE – European Commission to assess whether actions by French regulator contravened EU law.
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NewsAuto-enrolment funds should have been licensed, Now Pensions says
UK – CEO at ATP-backed venture says licensing regime should have been introduced.
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NewsSmall pot consolidation a 'hornet's nest' of vested interests – Webb
UK – Minister tells committee that increasing definition of 'good' provision will lead to consolidation.
