Latest on Regulation & Reform – Page 354
-
NewsUK government considers career-average pensions for ministers
UK – The government has revealed details of possible reform for ministerial pensions, with changes that will bring MPs' retirement benefits in line with changes to the overall pension system.
-
NewsUnion threatens Ford with legal action over Visteon pensions
UK – Ford is facing a lawsuit over pension rights for the former employees of Visteon, a supply group sold by the company in 2000.
-
NewsUK roundup: Ofcom, BT, Havering
UK – BT has suffered a blow in its bid to offset its £7.6bn pensions deficit by increasing the wholesale rates it charges competitors.
-
NewsUSS board approves scheme changes
UK – The board of the £28bn (€33bn) Universities Superannuation Scheme (USS) last night approved changes that will see new scheme members paid career-average pensions rather than ones based on their final salary.
-
NewsUK roundup: The Pensions Regulator, Hewitt, John Lewis Pension Fund
UK – The Pensions Regulator today released its annual report and accounts, outlining all actions it has taken over the last year, while Hewitt urged employers to prepare for the changes to pension taxation before a final legislation was drawn up and John Lewis Pension Fund significantly reduced its stake ...
-
NewsOECD calls for better counter-cyclical funding regulations for DB schemes
GLOBAL – Governments and policymakers must do more to make defined benefit (DB) pension schemes' funding regulations more counter-cyclical in the wake of the financial crisis, according to the Organisation for Economic Co-operation and Development (OECD).
-
News
UK Roundup: The Pensions Regulator, ITN, Shropshire
UK – The Pensions Regulator has published new guidance on index-linking to the consumer price index (CPI) that could see pension schemes forced to pay their deficit sooner than previously agreed.
-
NewsGerman dentist fund goes into indirect real estate, mulls private equity
GERMANY – The €2.1bn pension fund for the dentists of the west-German region of Westfalen-Lippe is pulling out of direct real estate and looking to diversify its alternative investments.
-
NewsECJ ruling forces German local authorities to tender pension services
GERMANY – The European Court of Justice (ECJ) has ruled that large German local authorities must tender occupational pension services – and Denmark fears it might be next.
-
NewsExpert commission pressures Czech government on second pillar
CZECH REPUBLIC – The chief demand of a final report drafted by an expert commission on the Czech pension system has been the introduction of a mandatory second pillar.
-
NewsUK Pensions Regulator rejects Uniq funding proposal
UK – The UK Pensions Regulator (TPR) has rejected a funding proposal put forward by food group Uniq to solve its £436m pension deficit.
-
NewsEC's take on derivatives could hurt retirement benefits, says EFRP
EUROPE – The European Commission's proposals on derivatives could increase costs and risk for pension funds and lead to lower retirement benefits for plan members, the European Federation for Retirement Provision (EFRP) has warned.
-
NewsHewitt blasts 'presumption of guilt' in TPR statement on transfers
UK – Hewitt Associates has struck back at the UK Pensions Regulator (TPR), saying the watchdog's recently published guidance on incentivised transfers was permeated by the "presumption of guilt".
-
NewsLinking UK pensions to CPI could create investment 'mismatch'
UK – Linking private sector pensions to the consumer price index (CPI), rather than the retail price index (RPI), could cause a "mismatch" of investments versus liabilities, Nigel Peaple of the National Association of Pension Funds (NAPF) has cautioned.
-
NewsNestlé PK chief criticises German stress tests, plans EM diversification
GERMANY – Short-term regulatory demands are leading pension funds into damaging cyclical behaviour, according to Peter Hadasch, head of the €780.6m corporate Pensionskasse for Nestlé Germany.
-
NewsUK may not issue CPI-linkers for 18 months: Redington
UK – It may take the UK's Debt Management Office (DMO) up to 18 months to issue consumer price index (CPI) linked bonds that comply with recently announced CPI-linking of pensions, Robert Gardner of investment consultancy Redington has warned.
-
NewsWebb: UK government aiming to start auto-enrolment as planned
UK – UK pensions minister Steve Webb has reaffirmed the government's commitment to the National Employment Savings Trust (NEST) and said the current review of the system would not cause delays to its launch.
-
NewsUK watchdog offers guidance on pension transfers
UK – The UK Pensions Regulator (TPR) has moved to clarify the roles of employers and trustees regarding transfer incentives.
-
.jpg)
NewsSwitzerland to commission survey on second-pillar costs
SWITZERLAND – Lowering administrative costs in the second pillar will be the primary aim of a Swiss government initiative that will start by commissioning a survey on the subject.
-
News
BT trustees seek clarity on 'crown guarantee' in court case
UK – BT’s pension trustees will launch a court action this week to determine the extent of the company’s ‘crown guarantee’.
