Latest on Regulation & Reform – Page 301
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NewsAustria forced to roll back rules governing severance pay funds
EUROPE – European Court of Justice says domicile restrictions contravene free movement of capital.
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NewsDutch regulator casts doubt on added value of alternative assets
Pension funds must do more to examine cost/return ratio of alternatives, watchdog says.
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NewsEIOPA failed to plan for 'negative' holistic balance sheet result
QIS does not account for possible 'deep impact' on occupational pensions, says PGGM.
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NewsSolvency II could encourage risk-taking at 'wrong time'
Deloitte Switzerland actuary says new regulation could give rise to 'bad incentives'.
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NewsIrish business group slams 'draconian' pension funding standard
IBEC says funding requirements fail to recognise long-term nature of defined benefit schemes.
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NewsNordic roundup: Gustav Karner, Nobel Foundation, Solvency II, AP2 Women's Index
Former Länsförsäkringar CFO Gustav Karner appointed head of asset management at Nobel Foundation.
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NewsBT loses appeal over pension deficit payments
Competition Commission blocks telecom company from passing costs onto third parties.
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NewsESMA launches consultation on technical standards for EMIR regulation
Authority reiterates aim to reduce risks via use of central clearing, risk-mitigation techniques.
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NewsGerman pension fund BVV to adopt unisex tariffs in light of court ruling
ECJ ruled in March 2011 that any insurance-based pensions contract must be calculated on unisex basis.
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NewsEuropean Parliament committee OKs credit rating agency regulation
Vote allows talks with individual member states, with view to adopting law by year-end.
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NewsGermany, France 'irresponsible' to fight pension liability disclosure
UK MEP slams 'minority' of countries resisting account disclosures.
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News'Full-fat' Solvency II could push pension funds out of property
IORP Directive threatens pension fund allocations, warns PwC's John Forbes.
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NewsEuropean authority launches consultation process on debt securities
ESMA aiming to increase legal clarity, apply 'proportionate disclosure regime'.
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NewsUK watchdog to set up auto-enrolment whistle-blowing facility
Employers shirking auto-enrolment responsibilities could face escalating daily penalties.
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NewsShareholders, companies welcome executive pay proposals
Measures will lift 'cloud of complexity' surrounding remuneration, says NAPF.
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NewsLow interest rates a 'nightmare' for pension funds, minister says
Pensions minister says governments should not sit 'idly by' if standards causing unnecessary volatility.
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UK roundup: Treasury, Hymans Robertson, FTSE 350, FSA
Conservative MP challenges Treasury to consider introduction of ‘future fund’.
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NewsInstances of fraud at UK pension funds more than double
19% of UK pension schemes reporting problems, according to Baker Tilly survey.
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Swiss roundup: Second-pillar guidelines, BLPK funding
New top regulator unveils guidelines for second-pillar pension system.
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NewsStrathclyde agrees 'in principle' to back UK infrastructure vehicle
Pension fund open to providing £100m to platform being developed by NAPF.
