Latest on Regulation & Reform – Page 334
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NewsCourt rules Prudential acted in good faith on pension fund
Insurer had changed basis for granting discretionary increases to pension scheme members.
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NewsSwedish roundup: AP7, emerging market beta, Ingemar Eriksson
AP7 is taking an unusual step by managing its emerging markets equities passively.
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NewsCommission re-introduces prudence to pensions
European body seeks industry advice ahead of overhaul of cross-border pension vehicles.
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NewsTightening of rules will force Dutch intermediaries out of business - Aegon
Company noted that over 40% were expected to continue advising under new regulation.
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NewsSlovakia confirms plans to change second-pillar investment rules
SLOVAKIA – Confirmation follows comments from IMF recommending changes to investment policies.
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Trustees take months to decide on new asset class – Aon Hewitt
Aon Hewitt, Pitmans Trustees urge trustee boards to delegate powers for faster responses.
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NewsAustrian pensions 'safe' even for young, says social minister
AUSTRIA – On TV Q&A, Hundstorfer promises 20 year olds they will receive a pension.
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NewsGermany, Belgium threatened with court over cross-border pension failings
BELGIUM – European Commission threatens lawsuits over what it deems failure to allow cross-border movement.
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NewsSecond-pillar proposals put Czech pension system on sound footing – IMF
CZECH REPUBLIC – Organisation says second pillar will grow despite being voluntary and widely criticised.
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NewsPolish pension reform a 'Ponzi scheme', says former central bank official
POLAND – The Polish pension reforms signed into law by the president today amount to a Ponzi scheme, the former deputy governor of the country’s central bank has warned.
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NewsControversial Polish pensions revisions signed into law
POLAND – The overhaul of Poland's second-pillar pensions system, the most radical revision since its inception in 1999, cleared its final legal obstacle on 7 April, after president Bronislaw Komorowski signed off the government's controversial bill into law.
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NewsECB interest rate hike of 0.25% first of many, experts warn
Rate increase will also allow for good long and short stock picking opportunities, managers say.
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NewsSwiss structural reform will 'increase possibility of criminal activity'
Re-insurance company PKRück rejects notion new supervisor will be able to deter people with 'fraudulent intent'.
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NewsPension funds 'unaware' of centrally cleared swaps issues
Many don't realise they are at risk of coming under scope of regulation, says BNP Paribas.
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NewsDutch Social Affairs minister to submit bill to increase retirement age
Minister says bill will also include limits on 'fiscal leeway' for pension saving.
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NewsEnding means-testing in state pension will boost auto-enrolment – PwC
Consultancy says green paper removes stigma of how appropriate auto-enrolment is for workers.
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NewsEuropean Commission unveils green paper on corporate governance
Consultation covers board diversity, national codes enforcement and shareholder engagement.
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NewsEU criticised for 'short-sighted' pensions policy
CEE forum says pact prevents introduction of funded pillars in several countries.
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NewsUK state pension reform welcomed as 'turning point' for system
Minister launches consultation, proposes end of state second pension and contracting out.
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NewsUK roundup: Aon Hewitt on DC choice, Xafinity on corporate liabilities, PPF
Too much choice can be a bad thing when it comes to pensions, says Aon Hewitt.
