Latest on Regulation & Reform – Page 289
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NewsNEST restrictions should remain until scheme is 'self-financing'
UK – Providers argue against early lifting of transfer ban, contribution cap.
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NewsAuto-enrolment will result in majority staying with scheme, says DWP
UK – Department for Work & Pensions survey also reveals widespread confusion about pensions.
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UK roundup: PwC, Pitmans, NAPF, Mercer, Aon Hewitt
UK – FTSE 350 pension schemes still struggling to lift funding to pre-recession levels.
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NewsLondon borough pension scheme commits £20m to housing fund
UK – Councillor hopes commitment will lead to 'mass movement' led by UK pension funds.
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NewsLithuanian parliament approves long-awaited pension reforms
LITHUANIA – Outgoing parliament OKs reforms in final days of term of office.
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NewsInstitutional investors criticise financial reporting standards
EUROPE – Group of some of UK's largest investors blasts 'short-termism' of IFRS.
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NewsDanish pension funds welcome financing plans for SMEs
DENMARK – Government aiming to increase financing options for small, medium-sized Danish companies.
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Webb praised for 'throwing down gauntlet' in defined ambition paper
UK – UK minister outlines proposals for new schemes, examines governance and scale concerns.
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NewsEuropean investors call for change to audit sector
EUROPE – Signatories with €1.6trn worth of assets criticise dominance of 'Big Four' auditors.
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NewsPensions to fall as much as 30% following Dutch government plans – Syntrus Achmea
NETHERLANDS – Predicted fall in replacement ratio worse if coverage ratios fail to improve, says Dutch pensions provider.
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NewsEC paper on long-term investing fails to address transparency concerns
EUROPE – Financial Services User Group chairman says Commission has 'wrong end of the stick'.
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NewsNetherlands postpones FTK reform by a year to 2015
NETHERLANDS – Pension Federation calls for clarity after government announces delay.
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NewsUK roundup: IMA on auto-enrolment, Aon Hewitt on funding
UK – IMA submits auto-enrolment evidence to Work and Pensions Select Committee.
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NewsRequest for preliminary QIS results 'unfeasible', EIOPA says
EUROPE – Official says authority needs 'a little bit of time' to produce effective study.
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NewsESG roundup: Climate change, PRI, US SIF, Foreign Corrupt Practices Act, Real Asset Energy Fund
GLOBAL – Investors call on governments worldwide for new talks on climate change.
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NewsDark pools 'harm market integrity' – Norwegian oil fund
GLOBAL – NBIM 'uncertain' of proposals for more pre-trade transparency on fixed income markets.
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EIOPA clarifies role of holistic balance sheet for occupational pensions
EUROPE – Chairman Gabriel Bernardino calls for ‘exploration’ of EU-wide savings product.
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NewsSolvency II could cost UK pensions industry £400bn, minister says
EUROPE – Pensions minister Steve Webb says legislation will kill DB pensions.
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NewsUK pensions regulation should move 'from nudging to shoving'
UK – Work and pensions select committee hears arguments in favour of more assertive oversight.
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NewsGermany's Versorgungswerke to fight for first-pillar exemption
GERMANY – Versorgungswerke association ABV vows to take case to federal constitutional court.
