Latest on Regulation & Reform – Page 302
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NewsGreek renegotiation to increase risk of 'moral hazard', says ING
EUROPE – After initial rally, markets to remain in 'wait-and-see mode', commentators say.
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NewsUK pensions industry blasts 'holistic balance sheet' approach
EIOPA's quantitative impact study consultation has 'missed the point', says Aon Hewitt.
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UK roundup: QE, Mervyn King, White Paper on Banking
Bank of England governor makes case for further tranches of quantitative easing.
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NewsEIOPA starts consultation process on 'holistic balance sheet' study
Authority to submit industry responses to European Commission after 31 July.
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News'Politically unacceptable' HBS should be replaced, says Towers Watson
Says valuing individual characteristics of IORPs is 'unworkable', suggests simplified version.
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NewsFunding standard does not 'incentivise' Irish debt investment
Pensions Board rejects fears guidance encourages investment in higher-yielding euro-zone bonds.
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NewsGovernments must 'kick-start' longevity risk market, says OECD
Annuity markets unlikely to work without 'strong backing' from governments on risk-hedging market.
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NewsSwap rules could increase pension fund costs, consultancy warns
Rule Financial highlights differences between bilateral, centrally cleared swaps.
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NewsWorkers increasingly resigned to 'phased' retirement – survey
60% of respondents in Europe, US anticipate needing part-time jobs after retiring.
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NewsIrish consultants lament 'very tight' deadline for new funding proposals
Schemes must submit proposals by December, despite sovereign annuities currently being unavailable.
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Denmark set to revise discount yield curve amid solvency concerns
Danish Ministry of Economics and Growth considers introduction of new discount yield curve.
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NewsBrokers should assume transaction reporting duties under revised MiFID – IMA
UK association says last 'link' in transaction chain within EU jurisdiction should complete reporting.
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NewsLongevity de-risking to be increasing concern for continental funds - Aon Hewitt
Revised longevity assumptions will make case for de-risking strategies in European DB market, says consultancy.
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NewsIreland's Pensions Board publishes guidance on revised funding standard
Revised funding proposals due by December, with deadline for deficits cleared now 2023.
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NewsNAPF criticises 'unnecessary detail' demanded in new UK accounting standards
Organisation's director of policy says new disclosure rules undermine otherwise good proposals.
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NewsLarge schemes should build in-house central clearing teams – Mercer
Mercer Sentinel Group says in-house teams should be established 'sooner rather than later'.
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NewsSwedish roundup: Landsorganisationen, AMF, retirement ages
Swedish trade union confederation reviews pension system, assesses impact of previous reforms.
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NewsUK opposition urges NEST trustees to take legal advice over restrictions
Call comes after government decided against overturning transfer ban, contribution limit.
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NewsIndustry welcomes 'encouraging' news of IORP delay, study on long-term investing
Industry associations, consultants cautiously optimistic, but still doubt 2013 deadline.
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NewsMaltese Pension Working Group, EU back introduction of second pillar
Long-delayed report by working group published at same time as EU reviews member state sustainability.
