Latest on Regulation & Reform – Page 346
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FeaturesFinland: Stalling negotiations put reforms in gridlock
Government working groups and unions clashed over plans to increase retirement age, but legislation is on the way to improve risk management and solvency, writes Pirkko Juntunen
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FeaturesGermany: Stability heralds change
Weathering the financial crisis with only one major pension-related insolvency does not mean Germany sat still, with regulatory changes coming from inside and out, writes Jonathan Williams
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NewsHenk Kamp to replace Donner as Dutch social affairs minister
NETHERLANDS – Henk Kamp, 58, has been officially nominated as social affairs minister in the new Dutch cabinet, which is expected to be inaugurated later this week.
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NewsGreen Paper co-author warns several White Papers could be on way
EUROPE – The European Commission's Green Paper on pensions could be followed by several additional White Papers, Jung Duk Lichtenberger of the Directorate-General Internal Market & Services has said.
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NewsSwedish roundup: Swedish Investment Fund Association, Confederation of Swedish Enterprise, Collectum
SWEDEN – The Swedish Consumer Agency has contacted some 40 fund management companies in the country and requested access to all their marketing and information material on the funds they offer.
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FeaturesIreland: Correcting the balance
Martin Delaney finds Ireland moving to relieve the burden created by an ageing working population and a faltering economy
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FeaturesIceland: Post-eruption controls remain in place
Pension funds remain in a precarious situation, prevented from investing abroad by controls brought in at the height of the 2008 financial crisis, reports Nina Roerhrbein
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FeaturesNorway: Reform of state scheme sets the pace for change
Pirkko Juntunen finds that increased flexibility and working for longer are on the cards
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FeaturesSweden: Pushing for simplicity
A new pensions agency and an overhaul of the AP7 default option aim for greater transparency and accessiblity, writes Pirkko Juntunen
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NewsUK Pension Protection Fund proposes new levy formula
UK – The UK Pension Protection Fund (PPF) has proposed a new formula for calculating the pension protection levy from 2012-13 onwards.
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FeaturesUK: All change
Following the market recovery, the UK has a new government eager to implement change and a pensions regulator keen to protect scheme members, finds Jonathan Williams
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FeaturesSwitzerland: Second pillar in transition
New investment rules are being implemented, the supervisory structure is up for reform and the financial crisis prompted an investigation into admin costs, writes Barbara Ottawa
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Features
Europe and pensions on a world stage
EFRP secretary general Chris Verhaegen explains the importance of the growing debate on how far Europe can and should go on driving pensions reform
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NewsHutton's interim report receives warm welcome from industry
UK – Lord Hutton's interim report on UK public sector pension reform has generally been welcomed by the pensions industry, with commentators recognising the difficult balancing act between protecting employees' pension rights and ensuring the system is sustainable and affordable.
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NewsLord Hutton sets sights on 'fundamentally unfair' final salary pensions
UK – The UK government has published its interim report on public sector pensions reform, setting out the case for ending final salary benefits and moving to provision based on career averages.
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NewsUK pensions minister to make decision on NEST 'within days'
UK – Pensions minister Steve Webb has sought to separate the introduction of auto-enrolment from that of NEST, saying the UK coalition government remained committed to auto-enrolment, but that he would announce his decision on NEST shortly.
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NewsTPR transfer guidance creates dilemma for trustees, says Mercer
UK – The UK Pensions Regulator's draft guidance on transfer incentive exercises may create unrealistically high expectations of trustees, Mercer has warned.
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NewsOur Man in Brussels: The Eurofi Forum's take on pension reform
EUROPE – The challenge of progressing EU pensions policy along the lines suggested in the European Commission's Green Paper may seem overwhelming.
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NewsATP, LD get green light on conducting banking, credit and insurance activities
DENMARK – Legal changes in Denmark will boost the business power of pensions institutions ATP and LD, paving the way for them to run banking, credit and insurance activities, as well as their pensions operations.
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NewsDutch authorities' pension decisions risk hurting economy, says APG's Kemna
NETHERLANDS – Politicians and supervisors must understand short-term supervisory decisions for pension funds' investment policies could damage the Dutch economy, according to Angelien Kemna, chief investment officer of the €250bn asset manager APG.
