Latest on Regulation & Reform – Page 346
-
NewsDutch must increase retirement age urgently, experts say
NETHERLANDS – Social partners and the Dutch government must focus on increasing the retirement age as a means of countering the effects of increasing longevity, a large number of experts have argued.
-
NewsIOPS urges more risk-based supervision for pension funds
GLOBAL – The International Organisation of Pension Supervisors (IOPS) has called for a more risk-based approach to pension supervision as it unveiled a range of supervisory tools at its annual general meeting in Australia.
-
NewsPortugal Telecom in talks to transfer pension assets, liabilities to state
PORTUGAL – Portugal Telecom, the country's largest telephone company, has confirmed it is in discussions with the Portuguese government to transfer almost €3bn in pension assets liabilities to the state.
-
NewsNorges Bank reiterates call to allow private equity in Pension Fund Global
NORWAY – The governor of the Norwegian Central Bank has again called for investment guidelines on the NOK2.8trn (€351bn) Pension Fund Global (NPFG) to be relaxed, allowing it to invest in private equity.
-
NewsDelayed recognition consigned to scrap heap as IASB sticks with net interest
GLOBAL – The International Accounting Standards Board (IASB) has rejected a staff proposal calling on the board to drop the proposed net-interest approach for the presentation of defined benefit (DB) pension plan components in an entity's statement of comprehensive income (SOCI).
-
NewsBulgaria abandons plan to nationalise pension system
BULGARIA – The Bulgarian government has said it will abandon its plans to redirect funds from 'professional' pension funds into the first pillar, but it will withdraw some money for early retirees.
-
NewsDutch pensions regulator gives ground on 2011 contribution rule
NETHERLANDS – Dutch pension funds will not have to raise their contributions in 2011 to improve coverage ratios, the pensions supervisor De Nederlandsche Bank (DNB) has decided.
-
NewsMercer: France must shift toward funded pension system
FRANCE – Reforms to the French pension system are only the first step toward improving the country's retirement system and should involve a shift toward a funded pension system, Mercer has said.
-
NewsVan der Pol appointed chairman of new Dutch Pension Federation
NETHERLANDS – Kick van der Pol has been appointed chairman of the new Dutch Pension Federation, the umbrella body of lobbying organisations VB, OPF and UvB.
-
NewsIndustry heavyweights reject application of Solvency II rules to pension funds
EUROPE – Representatives from the European pension fund industry have poured cold water over the possible application of Solvency II rules to pension schemes mooted earlier this year in the EU Green Paper.
-
NewsIASB failing to prioritise IAS19, says International Actuarial Association
GLOBAL – IAS19 standards on pension fund accounting are not a top priority for the IASB at the moment, according to Paul Thornton, head of the International Actuarial Association (IAA).
-
NewsEC Commissioner says pension reforms may have to go further
EUROPE – Lásló Andor, the European Union's Commissioner for employment, social affairs and inclusion has said that while member states may well have introduced pension reforms, they may need to go further.
-
NewsUK roundup: NAPF, Pension Quality Mark, DWP, CBI, Xafinity
UK – The Secretary of State for Work and Pensions Iain Duncan Smith yesterday said that auto-enrolment heralded a "tipping point" for pensions.
-
News
CEIOPS chair calls for risk and liability harmonisation
EUROPE – A common framework should be applied to pension liability and risk calculation, according to Gabriel Bernadino. chairman of the Committee European Insurance and Occupations Pensions Supervisors (CEIOPS).
-
NewsProposal would send Denmark's 'forgotten' pension funds to ATP
DENMARK – ATP could see more business coming its way if a proposal to transfer "forgotten" funds held in dormant Danish pensions accounts to the country's largest pension fund comes to fruition.
-
NewsUK increases earnings threshold for auto-enrolment, allows 90-day grace period
UK – The UK government has announced the results of its review of automatic enrolment and the National Employment Savings Trust (NEST), raising the minimum earnings threshold in line with income tax.
-
NewsCEIOPS to recruit chairperson, executive director for EIOPA
EUROPE – The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) is looking to recruit a chairperson and an executive director for the new European Insurance and Occupational Pensions Authority (EIOPA).
-
NewsAIFM directive clears another hurdle
EUROPE – The European Parliament and the Council of the EU have cleared the Alternative Investment Fund Managers (AIFM) directive at a closed meeting today.
-
News
Changes to Hungarian pension system will undermine confidence, says IMF
HUNGARY – The International Monetary Fund (IMF) has warned that Hungary’s recently announced pension reforms risk undermining confidence in the system and constitute a “significant step back” for the country.
-
.jpg)
NewsSwiss roundup: Swisscanto, Credit Suisse, Melbourne Mercer
SWITZERLAND – Funding at Swiss Pensionskassen has returned to levels seen at the end of last year, according to a survey by Swisscanto.
