Latest on Regulation & Reform – Page 326
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NewsUK could do more to improve public pensions system – IMF
Government should improve structure of public pensions and reduce their cost.
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NewsLord McFall's report could create unrealistic expectations, experts say
Experts sound note of caution on Workplace Retirement Income Commission's report.
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NewsSpain not out of 'danger zone', must tackle deeper pensions reform – IMF
Costs associated with ageing projected to increase by 9% of GDP by 2060, IMF estimates.
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NewsDutch pension schemes let off hook on Greek rescue package
Dutch Treasury says pension funds will not be asked to contribute to rescue plan.
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NewsUK roundup: Supreme Court, DWP, Mercer, ITV, Aon Hewitt
UK Supreme Court decides two hybrid pension schemes are defined contribution schemes.
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UK government loses appeal on BT pension scheme liabilities
Ruling comes on day BT announces its pension deficit has increased by £400m in three months.
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NewsUnions cry foul over UK government's tactics on pension contributions
Treasury launches consultations for three schemes on how hikes will be implemented next year.
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NewsIMF calls on France to focus on pensions reform to cut deficit
FRANCE – Without new measures, government will fail to lower deficit to less than 3% of GDP, it says.
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NewsUkrainian pension reform faces uncertain future, experts say
UKRAINE – Ukraine's pension reform law – which must make it past the speaker of the parliament before the president can approve it – could be put to a vote again later this year, pension experts have said.
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NewsUK roundup: DWP, Eversheds, money purchase schemes, Northern Trust, Eurotunnel
Supreme Court ruling on money purchase pension schemes could send DWP 'back to drawing board'.
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NewsUK state pension reform widely backed by industry
However, many remain concerned about abolition of state second pension, contracting-out.
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NewsCross-border pension funds increase by 14%, says EIOPA
11 new cross-border IORPs reported between June 2010 and June 2011.
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NewsGerman pension scheme VBL wins court case over top-up premiums
GERMANY – Federal court rules payments demanded by supplementary pension scheme were legitimate.
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NewsStrategy of Spain's Social Security Reserve Fund 'should not be political'
Towers Watson responds to politicians' proposal to use €67bn fund to buy regional bonds.
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NewsWrite-downs on bank shares force NPRF to revise return to 3% loss for 2010
Fund's directed portfolio – invested exclusively in AIB and Bank of Ireland – falls by 25.7%.
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NewsInvestors of two minds on latest Greek bailout measures
While some welcome proactive approach, others warn banks will remain 'toxic' assets.
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NewsCompanies 'must review' pension fund investment strategies under IAS19
Firms should check strategies, asset allocations to assess de-risking benefits, says Mercer.
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NewsSpain considers using Social Security Reserve Fund to invest in regional bonds
Autonomous communities accumulated around €155bn of debt in 2010 – 10.9% of GDP.
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UK roundup: Heineken, Scottish & Newcastle, NAPF, BlackRock, Creative Benefits
Brewer Heineken closes DB scheme to new accrual, opens DC scheme for employees.
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NewsLithuania to cap pension fund contributions at 2%, allow opt-outs
Lithuania could introduce cap to pension fund contributions from 2013 with revision after 2020.
