Latest on Regulation & Reform – Page 306
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NewsCurrent versions of MiFID II, MiFIR would hurt pension funds – EFRP
High-frequency traders, speculative operators could enjoy 'commercial advantage' over schemes.
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NewsUK roundup: Bank of England, QE, NAPF, BBC, TPR
Bank deputy governor dismisses claim QE had more than 'small' impact on pension deficits.
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NewsEuropean committee amends directive on credit rating agencies
Committee amends two proposals to reduce funds' reliance on external credit ratings.
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NewsUK roundup: IMF, QE, NAPF, Royal Mail, DMO, Beecroft
NAPF rejects IMF recommendation that Bank of England consider more quantitative easing.
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NewsIAS19 changes present pension funds with 'fundamental choices'
Changes to accounting rules can be interpreted in 'different ways', Mercer says.
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NewsNew Swiss supervisor weighs in on underfunding at public pension funds
OAK also tackles long-debated issue of interest paid by pension funds.
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Swedish roundup: Folksam, Svensk Försäkring, ISF, Brummer Life, AMF
Swedish regulator fines Folksam LO Fond over internal control shortcomings.
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NewsIMF sings praises of Dutch approach to longevity risk
Flexibility of Pensions Agreement 'exemplary', providing guidance to other countries.
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NewsEIOPA to postpone paper on QIS for holistic balance sheet plan
EIOPA spokeswoman confirms consultation paper unlikely to be ready this month.
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IMF applauds Czech Republic's second-pillar pensions reform
CZECH REPUBLIC – Government will need to ‘weigh short-term impact against longer-term benefits’.
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NewsOutgoing Dutch government manages to bring forward retirement age
Majority support in parliament allows government to increase retirement age to 67 from 2023.
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NewsOECD report on sustainable DC highlights income adequacy
Policymakers embracing systems with long contribution periods, minimal 'leakage'.
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NewsSwiss companies introduce 'pure DC' elements to offset IAS19
Half of listed companies to introduce similar elements in next five years, says Towers Watson.
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Austrian parliament finally approves reform of second-pillar pension system
AUSTRIA – Amendment a ‘manicure for someone suffering multi-organ failure’, says opposition.
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NewsUK parliamentarians step up pressure on defined contribution pension fees
NAPF gains wide support for code of conduct on fees, which MPs branded a 'drag' on returns.
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NewsAba supports German ministry's proposal for 'top-up' pension
GERMANY – German pension fund association throws support behind plans to top up minimum pensions.
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NewsSolvency II 'designed for financial repression', says DWS
CIO at Deutsche Bank division cites negative yields on Finnish, German, UK and US bonds.
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NewsEuro will survive, but prepare for bumpy ride – Bini Smaghi
Former ECB board member laments authorities' 'inefficient' habit of reacting to market pressures.
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Dutch pension funds risk losing younger generations' trust – AFM
Communications watchdog calls for implementation of extensive pensions ‘dashboard’.
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NewsSolvency II 'look through' approach a threat to fund managers – State Street
Legislation could force asset managers to reveal their hands 'inadvertently', company warns.
