Latest on Regulation & Reform – Page 373
-
News
Latvia plans pension changes from 2011
LATVIA – The Latvian government has revealed new pension reforms are being planned to come into effect from January 2011 in an attempt to further reduce the budget deficit.
-
News
AIFM directive would restrict global investments - IMA
[17:45 CEST 08-09] EUROPE – The UK's IMA has sharpened the debate on the EU's Alternative Investment Fund Managers (AIFM) draft directive and has called for institutional investors to participate in lobbying activity.
-
News
Pensions Board prosecutes firm over funding certificate
[17:15 CEST 08-09] IRELAND - The Pensions Board has successfully prosecuted an engineering company for failing to submit an actuarial funding certificate for its pension fund within the required time frame.
-
News
Swiss funds need board member training
[17:50 CEST 07-09] SWITZERLAND – While close to all Swiss pension funds are complying with the law and have both worker and employer representatives on the board, the level of knowledge differs greatly, according to a study commissioned by the government and published this summer.
-
News
Irish public sector review to feed into pension policy
[17:45 CEST 07-09] IRELAND – A review of public service pensions conducted by the Comptroller and Auditor General, expected to be released by the government shortly, will feed into a range of "possible initiatives" relating to public sector pensions.
-
News
Ireland proposes reform of pension tax relief
[17:15 CEST 07-09] IRELAND – The Commission on Taxation has recommended the existing arrangement for tax relief on pension contributions should be changed to a system of matching contributions.
-
News
AIFM depository could increase systemic risk - EFAMA
[16:30 CEST 03-09] EUROPE – The European asset management industry’s central lobbying group has warned key changes are still needed to the Alternative Investment Fund Managers Directive or politicians could end up ratifying legislation which in fact increases the potential for systemic risk.
-
News
Solvency II could slash pensions by 20% - UK insurer
[16:30 CEST 03-09] UK – Legal & General (L&G) has repeated a warning that annuity levels for UK-based defined contribution pension scheme members in the UK could fall by up to a fifth, if Solvency II is enacted in its current form.
-
News
Parliament seeks balance on Dutch pension boards
[15:30 CEST 03-09] NETHERLANDS - MPs in the Dutch parliament have rejected calls for a higher number of pensioner members on pension scheme boards and instead argued lobbying groups should be better represented at industry-wide pension funds.
-
News
Dutch asset managers can opt for supervision
[17:25 CEST 02-09] NETHERLANDS - The Dutch government has offered local asset managers the option of a voluntary supervisory regime. The aim is to increase their attractiveness to foreign institutional investors.
-
NewsExpert panel to review Norway Global active strategy
[16:30 CEST 01-09] NORWAY – The Ministry of Finance has appointed an international group of specialists to evaluate the active management of Norges Bank in relation to the Government Pension Fund – Global as part of an external review into the continuation of active management strategies.
-
News
Poland to reform pension sales activity
POLAND – The Polish government is working on a reform of the second pillar, which would see the end of sales agents working for pension funds, IPE understands.
-
FeaturesAustria: Pensionskassen under construction
Austria’s coalition partners will outline a reform to the Pensionskassen system this autumn, finds Barbara Ottawa
-
FeaturesBelgium: The challenge of small funds
Julie Henderson assesses Belgium’s pensions landscape and finds that with a large number of small funds, economies of scale may be needed
-
Features
CEE: Reforms go forward in -challenging economic climate
Thomas Escritt, Pirkko Juntunen and Krystyna Krzyzak outline forthcoming regulatory and legislative changes to pensions in Central and Eastern Europe
-
-
FeaturesFinland: Temporary solution
Reeta Cevik assesses proposals to evaluate temporary investment regulations and to raise the retirement age
-
-
FeaturesGermany: More paperwork
Low equity exposure, strict regulations regarding guarantees and a rise in actuarial interest rates have left the German pension system relatively unscathed, according to Barbara Ottawa
-
FeaturesIceland: After the meltdown
Icelandic pension funds may no longer invest abroad, but hope that this restriction will be lifted as soon as possible, finds Christine Senior
