Latest on Regulation & Reform – Page 391
-
News
Prospects for new-born Riester dampened
[14:30 CET 20-01] GERMANY – People should wait for better offers instead of signing the first Riester contracts for purchasing homes which have come onto the market, the consumer group Verbraucherzentrale NRW said.
-
News
European Parliament approves UCITS IV proposal
[14:00 CET 20-01] EUROPE – The European Parliament has approved the proposed reform of the UCITS (undertakings for collective investment in transferable securities) directive, and inserted provision for a management company passport.
-
News
Pensions 'must be more responsible' or face legislation
[16:30 CET 19-01] UK – MPs, trade unions and members of the pensions investment industry have jointly backed a series of responsible investment proposals to get pension funds to "play their part" in creating a "sustainable financial system" or potentially face new regulation by 2010.
-
News
Recovery rules may force premiums up
[16:15 CET 19-01] NETHERLANDS - Pension funds could be forced to increase their pension contributions further in a bid to meet the recovery plans rules of regulator De Nederlandsche Bank, consultancy firm Hewitt Associates has suggested.
-
News
Pension funds invited for banking rescue talks
[16:15 CET 16-01] NETHERLANDS – A group of pension funds and insurers today have taken part in talks between banks and the Dutch ministry of finance for a €200bn guarantee scheme for the Dutch banking sector.
-
News
TPR seeks support for employer compliance
[15:30 CET 16-01] UK – The Pensions Regulator (TPR) has launched the search for a provider to develop an employer compliance regime in relation to the new system of personal accounts.
-
News
IBEC criticised over pension reform plans
[15:00 CET 16-01] IRELAND – The Irish Business and Employers Confederation (IBEC) has been criticised for recommending new public sector workers should be offered entrance to a defined contribution (DC) scheme with a state guarantee of certain minimum investment returns instead of the existing define benefit (DB) schemes.
-
News
Dutch accounting rules to relieve companies
[16:35 CET 15-01] NETHERLANDS - The Dutch Accounting Standards Board (RJ) has adjusted its guidelines for pension accounting at non-listed companies, in a bid to slow down the trend of firms changing to defined contributions (DC) plans.
-
News
PADA targets admin in first tender
[15:45 CET 15-01] UK – The Personal Accounts Delivery Authority (PADA) has launched its procurement process for services, to establish the new system of personal accounts, with a search for a scheme administrator.
-
News
AFM to challenge EU real estate supervision cap
[16:55 CET 14-01] NETHERLANDS – The Dutch Financial Market Authority (AFM) has asked the Dutch ministry of finance to lobby with the European Commission (EC) for changes to the European Prospectus Directive to increase the cap on supervision of real estate investments.
-
News
POB to consult on quality rules for pension actuaries
[16:40 CET 14-01] UK – The Professional Oversight Board (POB), an operating body of the Financial Reporting Council (FRC), is to consult on possible improvements to the professional quality assurance requirements for actuaries, following a review of the monitoring and scrutiny of actuarial work.
-
News
Front against conversion rate cut grows
[16:15 CET 14-01] SWITZERLAND – The largest union in Switzerland as well as several opposition parties are calling on people to sign up for a referendum against a cut of the conversion rate in second pillar pensions.
-
News
EC launches probe into S&P
[16:40 CET 13-01] EUROPE - The European Commission (EC) will investigate ratings agency Standard & Poor’s (S&P) for what is says is potential abuse of its market position, by setting pricing policies for European financial institutions which use international securities identification numbers (ISINs) applied to North American securities.
-
News
Russia changes pension law for voluntary savings
[16:00 CET 13-02] RUSSIA – The Russian government has implemented a new law introducing subsidies for voluntary pension savings guaranteeing matching state contributions.
-
News
New research body to target regulation
[15:45 CET 13-01] UK – A new research institute has been launched in the UK which is claiming to be an independent, non-partisan global research body designed to restore confidence and stability in financial regulation.
-
News
TPR guides on ‘common’ and ‘conditional’ data
[16:40 CET 12-01] UK – The Pensions Regulator has concluded its consultation on record-keeping by noting a good standard of record-keeping is needed across all UK pension schemes to help sponsor parties understand the true status of their arrangements.
-
News
WWH urges accounting swaps be switched
[16:00 CET 12-01] GERMANY – Watson Wyatt Heissmann has called for revised German accounting standards, the so-called BilMoG bill, to be reversed as new accounting terms could lead to an enormous increase in German companies’ pension obligations.
-
NewsDutch regulator sticks to liability measure
[16:45 CET 08-01] NETHERLANDS - Pensions regulator De Nederlandsche Bank told pension funds today it will not reconsider the way pension funds have to calculate their liabilities.
-
NewsBT fund 'retains stock lending ban'
[16:30 CET 08-01] UK - The £39.7bn (€44bn) BT Pension Scheme plans to keep in place a ban on stock lending - despite the lifting of an official ban on the practice, according to reports.
-
NewsAon fined €5.8m by UK over bribery controls
[16:30 CET 08] UK – Aon Corp., the parent of actuarial and pension consulting firm Aon Consulting, has been fined £5.2m (€5.8m) by the UK’s financial regulator for “failings in its anti-bribery and corruption systems and controls”.
