Latest on Regulation & Reform – Page 304
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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.
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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.
