Latest on Regulation & Reform – Page 334
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NewsMaltese pension system's deficit could reach 5.8% of GDP, says report
Malta looking at several options to reform public pension system, could implement new pillars.
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NewsUK roundup: KPMG on CPI/RPI variance, UKSIF on Green Investment Bank
A new report published by KPMG reveals that companies have reduced RPI index by 0.6% on average
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NewsIrish pension industry fear levy to run longer than four years
Industry remains heavily critical of new levy, as government publishes Finance Bill.
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NewsRegulations need re-drafting to break big three rating agency monopoly, says Feri
Board member of Feri EuroRating says investment laws must 'widen scope', include European firms.
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NewsEurope takes France to court over tax discrimination
FRANCE – The European Commission has summoned France to the European Court of Justice over tax issues related to foreign pension funds and investment funds.
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NewsNobel economist Diamond says final salary pension schemes will go
Says European governments would do well to scrap final salary for career average.
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NewsNew rules will push Irish pensions into buyout, says LCP
Proposal comes after 0.6% levy announced in March that is expected to raise more than €450m.
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NewsEuropean short selling regulation hampered by further delays
UK understood to be chief opponent of giving ESMA powers over national supervisors.
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NewsPPI to affect 'entire Dutch DC market', experts say
Mercer's Tim Burggraaf says insurers in particular to feel impact of new low-cost vehicles.
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NewsNEST charges 'not ideal', says UK pensions minister
Steve Webb concedes government would not 'start from here' on National Employment Savings Trust.
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NewsAPG adopts new ISAE-3402 standard on internal control
Dutch pension scheme says standard increases explicit responsibility of executives.
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IMF warns Poland on transfer of second-pillar pension assets
POLAND – The International Monetary Fund (IMF) has warned Poland that the shift of assets from the second pillar of its pension system should not lead to increased spending.
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NewsPPF unveils further details of fixed levy for UK funds
Proposals welcomed as 'step in right direction' by NAPF, should herald greater stability.
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NewsPension fund trustees failing to vet fiduciary managers, firms say
Muse Advisory, Wragge warn of conflicts of interest arising from poor due diligence.
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Belgian think tank wants to raise pension age to 70
Itinera Institute also says employment rate for those over 60 should be increased dramatically.
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NewsIrish government confirms 'damaging' levy on pension funds
Minister for Finance says 'imposition' caused by 0.6% levy will be limited due to its four-year lifetime.
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NewsDutch pension funds lukewarm on proposal to invest in schools
MP Metin Çelik says schools should be financed, run from an investment fund with pension fund assets.
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German roundup: BVV, aba
€21.8bn Pensionskasse for German banking industry returns 4.2% for 2010.
