Latest on Regulation & Reform – Page 36
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NewsIIGCC urges FRC to clarify climate engagement position
The IIGCC has warned the FRC’s changes to the Code risks framing collaborative engagement and escalation as “tools of last resort”.
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AnalysisIPE Nordic Briefing: Swedish FSA on Alecta breaking the rules
Plus: Sweden’s AMF leadership changes; AP7 returns for default premium pension product
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NewsFondaereo picks Ireland to set up cross-border scheme
The plan to become a cross-border scheme runs in parallel with a review of the scheme’s investment policies for its new sub-funds ‘Equilibrio’ and ‘Crescita’
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NewsResearchers propose new home for corporates’ wider emission efforts
How a company exerts broader influence on climate action should be reported in a different track to that for emission reduction efforts within its value chain
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NewsSwitzerland to finance 13th month of pension with VAT increase
Cabinet says move was the ‘more appropriate solution’ as the need of funds for the AHV is lower than expected
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NewsLPPI says replicating ‘Canadian model’ could unlock £16bn for infrastructure
Based on whichever numbers, there is potential for significant additional infrastructure investment ‘hopefully with most of it’ in the UK, says former LGPS Central CEO
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NewsSwiss political parties push for second-pillar reform as public remains sceptical
If approved in the referendum on 22 September, the reform will lead to cutting the wage threshold to join a pension fund, among other things
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NewsHöchster Pensionskasse to offer pure defined contribution plans
The ZielrenteCHEMIE DC pension plan is being launched in partnership with Fidelity International
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NewsNBIM devises corporate disclosure set around online risks for children
Norwegian SWF manager works with UNICEF to highlight companies’ impact on children’s rights through their digital activities
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NewsPLSA sets out recommendations to make growth assets more investable
There is a substantial potential to open up the pipeline of assets to attract the investment of pension funds to support UK growth, PLSA says
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NewsUK government’s plans to regulate ESG ratings will ‘shine a light’ on the sector
Chancellor Rachel Reeves said that the Financial Conduct Authority (FCA) will set the rules of the new regime which will mirror EU and international systems
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NewsClimate NGO’s net-zero test for fossil fuel reserves included in FCA consultation
The Financial Conduct Authority (FCA) has included Carbon Tracker and ClientEarths’ proposal for an ‘atmospheric viability test’ on fossil fuel reserves.
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NewsReplicating Canadian model for UK LGPS schemes ‘won’t be easy’
Rachel Reaves announced intention to replicate ‘Canadian model’ to ‘fire up’ UK economy
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NewsIndustry divided on new VFM framework’s ability to drive DC investment in private markets
Excluding forward-looking performance is a ‘missed opportunity’, says NatWest Cushon
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NewsBroaden DC scheme access to SMEs, say German employers
Industry employers’ body calls for broadest possible access to DC plans, including to SMEs that do not yet offer occupational pensions
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AnalysisIPE UK Briefing: New UK government’s pensions review
Plus: New DWP secretary of state and pensions minister, The King’s Speech, DB Funding Code and a new bulk-annuity market entrant
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NewsIASB proposes illustrative examples to improve climate-related reporting
The proposals come in response to strong demand from investors who have complained that companies often fail to back up climate-related statements
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NewsTPR report: ‘Missed opportunity’ as trustees focus on minimum ESG compliance
LCP says trustees should not approach ESG as a tick-box compliance exercise
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NewsItalian securities market regulator calls for improvement in ESG transparency
Regulator warns financial intermediaries that information on sustainable investment products has to be ‘increasingly clear, concise and understandable’
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NewsISSB, EU achieve high degree of interoperability in sustainability reporting
Sue Lloyd, ISSB chair, says that the ISSB, EFRAG and the European Commission ‘have collaborated to achieve a high degree of alignment’
