Latest on Regulation & Reform – Page 341
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NewsDenmark pitches pension reform to avoid austerity measures
Danish government, hoping to maintain low bond yields, sets out to end early retirement.
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NewsDutch minister calls for EU-wide online pension register
Henk Kamp recommends tracking service for pension rights across the EU.
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NewsNorwegian government must reform DC system, report urges
Review of financial crisis highlights risks DC scheme members face in volatile market.
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NewsEuropean Commission to unveil updated IORP Directive
Brussels is set to publish draft of revised directive by the end of this year, says EU commissioner.
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NewsSwiss pension scheme Publica to cut conversion rate
Pension fund for civil servants to lower conversion rate to 6.15% in light of government's new longevity assumptions.
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NewsUK roundup: Barnett Waddingham, PPI, Aegon, Northern Trust
UK – The Treasury may be holding up a proposed Green Paper on pension reform, as proposals for a universal state pension are deemed too expensive, Barnett Waddingham has warned.
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NewsMEP calls for immediate review of EU pension costs
EUROPE – English MEP Vicky Ford of East England has demanded a review of the €1.3bn annual budget covering pensions for the European Union's retired civil servants.
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NewsSwiss roundup: Swisscanto on funding levels, Publica results
SWITZERLAND – Funding levels at Swiss Pensionskassen last year returned to where they were in 2009 following a steep drop in the second quarter, Swisscanto has calculated.
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NewsAIFM directive could stifle asset management innovation, warns AIMA
EUROPE – The Alternative Investment Fund Managers Directive (AIFM) could slash the number of viable fund models and stifle innovation across the industry, the Alternative Investment Management Association (AIMA) has warned.
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Investors avoiding real estate, equities due to Solvency II uncertainty – Invesco
EUROPE – The uncertainty surrounding the ongoing Solvency II debate is putting many investors off real estate and equities, according to Invesco.
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NewsSwedish roundup: Swedbank, SPP, Finansinspektionen, insurance commissions
SWEDEN – Jan Ridderwall, head of the life and pensions operations at Swedbank, is joining rival SPP as sales director. Ridderwall replaces Magnus Karlsson and joins SPP on 1 April.
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NewsDanish roundup: ATP, LD, Forsikring, Danish Competition Authority
DENMARK – Denmark's government and three major pension players have signed an agreement to set up a DKK5bn (€670m) venture capital fund, which will be largely state-backed.
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NewsCredit Suisse index for Swiss pension funds returns 2.9%
SWITZERLAND – A sample of 100 Swiss pension funds returned 2.93% on average in 2010, according to the Pensionskassen index compiled by Credit Suisse.
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NewsIAPF expects Ireland to unveil new DB framework within weeks
IRELAND – Long-delayed reforms to the Irish defined benefit (DB) system will be unveiled before the upcoming election this spring, the Irish Association of Pension Funds (IAPF) has predicted.
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NewsSwiss roundup: Structural reform, Fribourg, Bern, ASIP, Pensionskasse Profond
SWITZERLAND – The French-speaking Swiss canton of Fribourg has agreed to work with the German-speaking canton of Bern to supervise Pensionskassen in a move the local press has dubbed the 'bridging of the Rösti Divide'.
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NewsNewly established EIOPA unveils management board
EUROPE – The European Insurance and Occupational Pensions Authority (EIOPA) has confirmed the members of its newly elected management board, as well as its acting chairman.
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NewsPolish prime minister drops pensions bombshell
POLAND – Poland's second-pillar system is finally set for a radical overhaul in 2011 in a peculiar compromise that maintains the contribution level, but slashes the amount managed privately.
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NewsNetherlands launches national Pension Register for citizens
NETHERLANDS – Social affairs minister Henk Kamp has launched the national Pension Register in the Netherlands, giving every Dutch citizen an online overview of his or her accrued pensions at both pension funds and insurers.
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NewsLuxembourg fund association joins EFRP
EUROPE – Two new pension associations have joined the European Federation for Retirement Provision (EFRP), the organisation has announced.
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NewsNordic roundup: Government Pension Fund Global, KPA Pension, Pensionsmyndigheten
EUROPE – The Norwegian Ministry of Finance is tendering for three consultants to advise on both the Norway Pension Fund Global (NPFG) and the Government Pension Fund Norway, the country’s national insurance fund.
