Latest on Regulation & Reform – Page 324
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NewsDutch pension fund fights for Austrian tax exemption
'Largest non-public' Dutch fund in dispute over Austrian withholding tax
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NewsSwedish government appoints industry veteran to review AP buffer funds
Review could lead to consolidation of AP funds, with closure of two schemes under consideration.
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NewsIreland's NPRF to 'channel' resources into new strategic investment fund
Forerunner to Strategic Investment Bank to invest in areas of 'significance' to country's economy.
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NewsChorus of boos greets European Commission's draft 'Tobin tax'
Industry experts question proposal's focus, feasibility, consequences, scope and motives.
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NewsNew IORP Directive to focus on 'harmonising' pensions systems
Financial services policy head says IORP II will be based on principles, but must be 'fleshed out'.
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NewsSolvency II could cause 'massive' flight from equities by UK schemes
CBI says £800bn equity sell-off will force schemes into bonds, further reducing yields.
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NewsEuropean Commission submits formal proposal for 'financial transaction tax'
0.1% tax on equity, bond trades and 0.01% tax on derivatives trades would make sector 'pay its fair share'.
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NewsBank of England failed to consider QE's impact on pension funds, says PIC
Central bank committed 'sin of omission' by not considering impact of lower gilt yields.
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NewsSolvency II could hurt private equity investment, local pension funds warn
FRANCE – Inspection Générale des Finances report says investment in French SMEs is 'insufficient'.
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NewsDutch Pensions Agreement 'complicated, inadequate' – Towers Watson
Participants will find several aspects of accord 'incomprehensible', consultancy warns.
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NewsSlovakian parliament shakes up investment rules for pension funds
SLOVAKIA – Industry experts question growth fund's new 20% 'risky asset' minimum allocation.
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News€1bn Dutch scheme to introduce 'pensions council' in governance revamp
Supervisors at SNPF called for change last year after executive board 'lost its initiative'.
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NewsGermany's VFPK demands separation of insurance, Pensionskassen regulation
GERMANY – Says restructuring of insurance supervision should be used to create separate Pensionskassen rules.
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NewsNordic roundup: Storebrand, pensions tax, Finansinspektionen on derivatives
Norway's Storebrand only Nordic entrant within Dow Jones Sustainability World Index.
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NewsIrish minister reiterates support for auto-enrolment introduction
Minister for social protection confirms plans are underway for auto-enrolment scheme.
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NewsUK companies should be 'incentivised' to sponsor defined benefit schemes
Notion that DB is too expensive a 'popular delusion', says Brighton Rock's Con Keating.
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NewsDutch pension funds must put together 'worst-case scenario' strategies
Chairman of industry association VB calls for 'out of the box' thinking on 'crisis approach'.
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NewsItaly should focus on deficit, not pensions reforms – IMF
Country to have one of lowest increases in pensions spending in coming decades.
