Latest on Regulation & Reform – Page 285
-
NewsGerman investors keen to increase risk, but wary of Solvency II
GERMANY – BVI says investors keen to boost equity exposure 'put off' by upcoming legislation.
-
News
Dutch watchdog touts UFR's success in softening pension rights cuts
NETHERLANDS – Number of schemes cutting pension rights drops from 103 last year to 70.
-
NewsEU gives member states green light to introduce Financial Transaction Tax
EUROPE – Decision a 'milestone' for European tax policy, commissioner says.
-
NewsMake pension fund participation mandatory, expert says
EUROPE – Academic says mandatory participation best way of sharing risk among generations.
-
NewsUK government consults on contracting-out override for pensions
UK – Consultation examines ways for sponsors to reclaim cost of national insurance rebate.
-
NewsAccounting rules could add 10% to Swiss liabilities, Towers Watson warns
SWITZERLAND – Caveat echos similar warning by Mercer on liabilities of Dutch multinationals.
-
NewsFrench 'advice' on UMR cross-border plan could breach EU Treaty – lawyers
EUROPE – Any 'open opposition' to transfer to Belgium would breach treaty and IORP I Directive, experts say.
-
News
Lack of action on RPI to increase deficits, Mercer warns
UK – Consultancy says decision to leave RPI unchanged will increase market-implied inflation.
-
NewsInternational accounting standards encourage 'race to bottom'
UK – Parliamentary committee on banking hears strong criticism on accounting from UK academic.
-
NewsInvestors reject construction risk as watchdog warns of lender pullout
EUROPE – UK parliamentary committee threatens changes to licensing regime.
-
News
European Parliament approves new rules for ratings agencies
EUROPE – New legislation limits number of unsolicited sovereign ratings per year.
-
NewsUK to investigate whether pension providers compete on charges
UK – OFT probe comes as part of 'growing focus' on fees, pension association says.
-
News
EIOPA shoots down possibility of watered-down Solvency II
EUROPE – Authority rejects hope that ‘softer’ Basel III rules will affect legislation.
-
NewsDutch pensions regulator calls for 'degressive' pensions accrual
NETHERLANDS – Financial Markets Authority says current system unfair on younger participants.
-
.jpg)
NewsUK pension funds warned over contracting out 'migraine'
UK – Caveat comes despite pledge that reform will acknowledge 'admin impact' on funds.
-
NewsFinal step in Norwegian pension reform opens up transfer market
NORWAY – Changes to so-called 'paid-up' policies market enter final phase.
-
NewsCzechs take dim view of second-pillar pension reform
CZECH REPUBLIC – Industry expert cites lack of information, political uncertainty.
-
NewsFrench scheme waters down plans to launch cross-border fund in Belgium
EUROPE – OFP fund 'no longer in line with long-term strategy' at Mutuelle Médicis.
-
NewsUK state pension reform raises contracting-out concerns
UK – Critics say move will lead to DB closures, while others highlight opportunities for change.
-
NewsDC default funds need better risk management, says PIMCO
EUROPE – Current design of default plans likely to result in 'disappointing outcomes'.
