Latest on Regulation & Reform – Page 286
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NewsBrussels releases early draft of Green Paper on long-term investing
EUROPE – European Commission mulling revisions to pension tax rules, corporate governance.
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NewsWebb questions need for indexation following end of contracting out
UK – Time may be ripe to scrap mandatory indexation, pensions minister says.
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NewsAIFMD must clarify 'day-to-day control' for real estate – INREV
EUROPE – Organisation urges ESMA to rethink guidelines on collective investment undertakings.
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NewsPensions discount-rate smoothing to produce no more than 'one-off gains'
UK – Academics outline new discount rate approach separate from mark to market.
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NewsAccounting rules could force pension funds to review hedging strategies
GLOBAL – Amendments to 'hypothetical derivatives' rules to affect cross-currency swaps.
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NewsBrussels should learn from failure of French Tobin tax – EDHEC
EUROPE – Institute warns financial transaction tax could actually increase volatility.
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NewsEU to examine 'barriers' to cross-border insurance pension products
EUROPE – Expert group to look into effect of contract law differences in various member states.
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NewsIrish finance minister calls on pension funds to consider infrastructure
IRELAND – Noonan highlights benefits of proposed Irish REITs to institutionals.
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NewsKazakhstan limits second-pillar pension fund investments
KAZAKHSTAN – Bank issues temporary restriction on asset classes compulsory schemes can invest in.
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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.
