Latest on Regulation & Reform – Page 295
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NewsNearly half of European insurers unready for Solvency II
EUROPE – Ernst & Young survey shows almost 90% of insurers would be prepared by 2015.
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NewsUK pensions minister proposes DB with 'no liability beyond employment'
UK – There is 'interest and demand' for defined ambition pensions, Steve Webb argues at NAPF annual conference.
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PFA bows to political pressure on unit-link transparency
DENMARK – Danish pension fund publishes new key reporting figure for unit-link returns.
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NewsUK schemes sign up to Pensions Infrastructure Platform
UK – Four more pension funds become founding members of scheme developed by PPF, NAPF.
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NewsOnly revised IORP Directive will revive moribund DB schemes – EIOPA
EUROPE – Chairman Gabriel Bernardino says measurement of investment risk must be improved.
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NewsSwedish retirees would work longer if conditions improved
SWEDEN – Local politicians debating issue of how to get older people to work longer.
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NewsBrussels bows to pressure over IORP II confidence levels
EUROPE – Allows first QIS schemes to submit results based on VAR below 99.5% confidence levels.
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NewsUK pensions association calls for alternative discount rate
UK – NAPF rejects smoothing despite ability to 'almost eliminate' deficits in short term.
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NewsNAPF criticises 'impractical' pot follows member approach
UK – Calls for rethink after DWP publishes report on why it ruled out aggregator funds.
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NewsEIOPA launches first quantitative impact study for revised IORP
EUROPE – Nine European countries in which DB plans are most prevalent volunteer to participate.
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NewsLow yields increasing pressure on money market funds, Moody's warns
GLOBAL – Prolonged period of low yields adding to challenges faced by industry.
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Falling yields could hike Austrian DB obligations by 30% – Mercer
AUSTRIA – Consultancy questions depth of euro-zone’s high-quality bond market.
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NewsIreland keeping 'open mind' on wind-up order for pension funds
IRELAND – Unions criticise proposals for failing to address 'fundamental issues'.
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NewsDenmark dethrones Netherlands in Melbourne Mercer pensions survey
GLOBAL – Scandinavian country awarded 'A' rating, beats out Dutch in two of three categories.
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NewsJenkins rallies investment industry in 'titanic tussle' over regulation
UK – Former F&C Asset Management chairman says industry must speak out in favour of banking reform.
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Innovative investments 'essential' for pension funds
NETHERLANDS – Chief client officer at Dutch pensions giant touts impact on returns.
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NewsLawyers outline LIBOR claim options, but still 'lack evidence'
EUROPE – Case 'slowly divulging secrets', but creating 'more questions than answers'.
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Ultimate forward rate poses risks to Dutch pension funds, MSCI warns
NETHERLANDS – Managing director says 4.2% UFR could keep schemes from making ‘tough choices’.
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Irish union calls for cap on pensionable pay in wind-up
IRELAND – ESB union representatives demand ‘basic fairness and justice’ in wind-up.
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NewsTobin tax gets green light after more member states pledge support
EUROPE – Italy, Spain, Estonia and Slovakia pledging support to controversial proposal.
