Latest on Regulation & Reform – Page 309
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NewsParliamentary committee calls for removal of NEST restrictions
Says contribution cap, transfer ban should be addressed 'as a matter of urgency'.
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NewsUK roundup: PPF, KPMG, Steve Webb, Wedgwood Museum
Schemes in deficit included in PPF 7800 fall by a third between January and February.
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NewsGreek bond investors have been 'led to slaughter', critics claim
Retroactive inclusion of collective-action clauses leaves swaps 'vulnerable' to lawsuits.
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NewsEuropean pension funds warned over impact of Dodd-Frank rules
Regulation to increase cost of swaps with US-based banks, consultancies warn.
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NewsUK roundup: DC investment management fees, Gatemore, Teva
Pensions industry must be transparent on fees or risk 'irreparable damage' to auto-enrolment.
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NewsIrish state asset sale must consider pensions deficits, opposition warns
Fianna Fáil says €3bn sale of state assets would reap 'minimal' return.
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NewsUK pensions regulator should be allowed to merge DC schemes – NAPF
Chairman renews call to 'institutionalise' market through handful of 'super trusts'.
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NewsHungarian pension funds ask second-pillar savers for 'donations'
Local schemes worry second-pillar system cannot survive without 'voluntary donations'.
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NewsUK pension funds £90bn poorer thanks to QE2, says NAPF
Association calls on regulator to change way pension fund liabilities are calculated.
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NewsStarting point for revised IORP directive 'fundamentally flawed'
NAPF's Martin Mannion says directive is 'biggest threat' to pensions industry in years.
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NewsEuropean authorities launch consultation on OTC derivatives directive
Stakeholders asked to respond to consultation paper before 2 April.
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NewsIORP directive must account for past pensions promises – Faull
Applying tougher rules to back book of schemes would be 'financially unsustainable'.
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NewsPublic trust in pensions reaches all-time low, NAPF survey shows
Association warns that dwindling public confidence threatens to undermine auto-enrolment.
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NewsBrussels is rushing new IORP directive, industry experts claim
Pensions experts say EC has earmarked too little time to assess impact of accounting rules.
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NewsRatings agencies allow 'back door' access to pension funds
Speaking to UK Treasury Select Committee, NAPF outlines 'concern' on ratings process.
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NewsBarnier attacked over 'implied' backing of Solvency II
Industry critical of commissioner's reluctance to disavow Solvency II amid warnings it would 'kill' IORPs.
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NewsGovernance lessens need for capital requirements, pensions experts say
Speakers at IORP open hearing say good governance 'ultimate key' to ensuring benefits.
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NewsDutch MPs accuse insurers of 'dishonesty' over PPI vehicle
Lawmakers feel 'taken for a ride' by insurers claiming PPIs were 'not destined for Dutch market'.
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NewsIndustry spars with Commission over solvency at Brussels open hearing
Chair of EU Parliament's Economic Committee rejects idea schemes battle with similar risk as insurers.
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NewsBarnier dismisses resistance to IORP directive review as 'hyperbole'
Commissioner says no proposals put forward to date, but speaks in favour of level playing field.
