Latest on Regulation & Reform – Page 287
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UK regulator OKs Invensys Rail sale in light of deficit payment
UK – Pension fund to be paid £400m from subsidiary, will see £225m set aside for shortfalls.
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Swedish roundup: AP fund performance, AP7 fees, Swedish Church
SWEDEN – Swedish Finance Committee gives AP national buffer funds poor marks on performance.
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PPF makes 'no apology' over stance on parental guarantee checks
UK – Experts warn that trustees may be put off using guarantees after new guidance.
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NewsSwiss roundup: OAK on cost transparency, infrastructure PPPs
SWITZERLAND – Regulator draws fire after calling for alternative total expense ratio.
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NewsSweden's AP funds hit back against controversial Buffer Fund Inquiry
SWEDEN – Conclusions of panel headed by Mats Langensjö are overly complicated, unsubstantiated, funds argue.
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Parliamentary pension fund for UK MPs should 'embrace' risk-sharing
UK – ACA says MP fund should lead way in risk-sharing arrangements.
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NewsInvestors urged to find new sources of collateral for derivatives trades
GLOBAL – BNY Mellon expects regulatory reforms to be significant cost burden.
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NewsDutch schemes won't be forced to lower pension contributions
NETHERLANDS – Social partners to use freed assets to improve other pension arrangements.
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NewsNational regulators expected to submit QIS responses to EIOPA this week
EUROPE – Authority not expected to begin analysing data before early January.
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NewsIrish government urged to bring forward new pension cap
IRELAND – Labour TD calls for earlier implementation of €60,000 cap to offset welfare cuts.
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NewsGerman government passes new rules for real estate funds
GERMANY – Changes to KAGB law will allow real estate Spezialfonds, GOEFs to remain.
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EIOPA concerned by 'worrying' funding at Dutch, UK pension funds
EUROPE – Authority repeats call to implement policies based on Solvency II.
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NewsEU parliament approves introduction of Tobin tax
EUROPE – Text must now be approved by European Council to initiate 'enhanced cooperation'.
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NewsOECD review to trigger 'major' pension reforms in Ireland
IRELAND – Minister for social protection pledges to amend wind-up order by first half of next year.
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NewsDutch regulator warns schemes over interest-rate increases
NETHERLANDS – DNB criticises pension funds for touting asset increases resulting from swaps.
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NewsEuropean Parliament to act on foundations by summer 2013
EUROPE – Sticking points include tax regimes, definition of 'public benefit'.
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NewsEIOPA launches consultation on technical standards for IORP Directive
EUROPE – National authorities to use standards when submitting information to EIOPA.
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NewsISDA criticises 'flawed' initial margin plan for derivatives trades
GLOBAL – International Swaps and Derivatives Association rejects notion plan will reduce risk.
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NewsIrish government planning to launch real estate investment trusts
IRELAND – Government, hoping to capitalise as market stabilises, announces plans for REIT.
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NewsECJ dismisses Brussels' pension tax complaint against Germany
EUROPE – Court says European Commission failed to provide sufficient evidence.
