Latest on Regulation & Reform – Page 322
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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.
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Unions challenge 'unlawful' pensions indexation switch in UK court
Group launches High Court challenge to overturn switch from RPI to CPI.
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NewsEIOPA extends IORP directive consultation deadline to January 2012
Decision to extend consultation period comes as a surprise to the industry
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NewsGermany's aba urges strengthening of second pillar, auto-enrolment
GERMANY – Unveiling proposals for strengthened bAV, group reiterates call for pension panel with government.
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NewsFrance's COR criticises complexity of €8.1bn pension transfer system
FRANCE – Just three pension schemes are currently supporting 92% of capital transfers to boost weaker schemes, finds report.
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End of contracting-out may be achieved through statutory override, admits DWP
Department for Work & Pensions declines firm commitment, but says it is examining options.
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NewsNext stage of IORP consultation to launch this week
EIOPA stakeholder group told of "massive" consultation, expected to launch Tuesday.
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Swedish roundup: Solvency II regulations, Österåker, Swedbank
Swedish government urged to introduce new regulatory framework for pensions.
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NewsWebb pledges to 'facilitate' pension guarantees, risk-sharing in DC
Minister pledges legislation if need be, but promises changes will not amount to "low-level DB".
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CEE countries unlikely to come under IORP directive, predicts EIOPA stakeholder member
Ruth Goldman criticised exemption of unfunded schemes – would make “absolutely no sense”.
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NewsEU concerned about 'pressure and scrutiny' on pension funds
Commissioner László Andor concedes insurance, pensions industries like 'apples and oranges'.
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NewsUK should consider managed DC pension schemes – Lord Hutton
Attacks DC fund charges, citing NEST as proof that schemes are able to keep costs low.
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NewsCDS, short-selling 'crackdown' could cause significant volatility – experts
Pundits point to drastic reduction of CDS liquidity, leading to volatility of prices.
