Latest on Regulation & Reform – Page 319
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NewsDutch pension scheme PFZW more worried about market turmoil than Greek default
€105bn scheme laments European governments' 'reluctance' to take adequate measures.
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NewsDutch giant APG says it could 'absorb' shock of Greek default
Civil servants scheme ABP has 'no plans' to invest in European Financial Stability Facility.
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News'Only ECJ' can clear up questions over gender ruling for pensions
Uncertainty remains over whether ruling applies only to new contracts, or on-book assets.
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NewsMultinationals warming to DC and cross-border pension plans
Despite impasse, European market can expect 'significant' developments over next year.
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NewsSwitzerland sets interest rate minimum at 1.5% for second pillar
Government follows advice of occupational pensions commission to cut rate for 2012.
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NewsUK revises public pensions offer, stands by contribution increase
Government drops plan to decrease scheme accrual rates to as little as 1/68th.
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NewsAllowing different discount rates for pensions would 'reduce transparency'
F&C takes issue with APG CIO Angelien Kemna's recent call for different discount rates.
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NewsSwitzerland unveils board for new federal pensions regulator
Seven members to sit on board of newly created Oberaufsichtskommission.
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NewsDutch proposal for pensions discount rate a 'dramatic mistake'
Economist slams proposal to allow schemes to discount liabilities against expected returns.
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UK pensions watchdog defends separating Polestar from scheme
Pensions regulator had been heavily criticised for creation of ‘zombie’ scheme.
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NewsECJ ruling forces Germany to abolish tax on overseas shareholders
GERMANY – Ruling would make it 'less painful' for Luxembourg funds to operate in Germany, says PwC.
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NewsDutch minister calls for supervisory boards at industry-wide schemes
Social affairs minister Henk Kamp also proposes giving pensioners seats on boards.
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NewsEmployer group calls for changes to Germany's pension protection fund
GERMANY – BDA proposal would abandon practice of basing calculations on company's insolvency risk.
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NewsSovereign annuity introduction in Ireland could drive pension buy-ins
Government says schemes can use annuities to lower level of required risk reserves.
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NewsAllowing different discount rates would protect Dutch pension funds
APG CIO says single discount rate makes changes in country's pension assets too 'predictable'.
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NewsNew Irish pension funding standard 'in the area' of Solvency II, says IAPF
Regulator would have been 'very aware' of Solvency II while outlining new standards.
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NewsGerman labour ministry accepts AbA call for occupational pensions panel
GERMANY – Senior representative says creation of panel a 'really good idea' and 'long overdue'.
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NewsIndustry experts give euro-zone deal cautious welcome
But many express serious concerns over the long-term future of the euro-zone.
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NewsSolvency II requirements in IORP directive would be 'catastrophic' – LCP
Industry experts weigh in on EIOPA's second consultation on controversial directive.
