Latest on Regulation & Reform – Page 391
-
News
Irish public sector workers plan action over levy
[16:45 CET 16:45] IRELAND – Irish public sector trade unions have warned they are “not ruling anything out” in reaction to government plans to introduce an average public service pension levy of 7.5% on €50,000 earnings.
-
News
Gov't claims auto-enrolment will benefit 95%
[17:05 CET 05-02] UK – Auto-enrolment will benefit more than 95% of people in relation to retirement saving despite means-testing, and the “large majority” expected to get double what they contribute, the government has claimed.
-
News
Irish managed funds drop 1.9% in January
[16:55 CET 05-02] IRELAND – Irish group pension managed funds fell an average of 1.9% in January continuing the downward trend that led to a 34.8% loss in 2008, according to figures from Rubicon Investment Consulting.
-
News
Auditors force repricing of IAS19 discount rate
[15:30 CET 05-02] UK – Corporate executives are being put under pressure by auditors to reprice their apparent pension liabilities to more realistic levels, in light of the huge shift in recent months in corporate bond yields.
-
News
'Flawed' IASB pensions measure to go in P&L
[15:15 CET 05-02] GLOBAL - The International Accounting Standards Board (IASB) has tentatively cleared a staff proposal that could see so-called pension plan remeasurements go straight into profit and loss on a company’s balance sheet, and possibly net of tax.
-
News
Public sector 'to cost taxpayers £335bn'
[16:55 CET 04-02] UK – The Institute of Directors (IoD) has suggested public sector workers should be switched to defined contribution (DC) pension arrangements as public sector pensions as funding shortfalls could cost taxpayers £335bn (€371bn) in employer controbutions over the next 50 years.
-
News
Pensions Board updates DB funding standard rules
[15:45 CET 04-02] IRELAND – The Irish Pensions Board has issued revised guidelines for pension schemes wanting to extend recovery periods for scheme funding past 10 years.
-
News
Irish gov't unveils public pension levy
[15:30 CET 04-02] IRELAND – The Irish government has unveiled plans to cut public spending by €2.1bn, and almost €1.4bn of this will be achieved by requiring public sector workers to pay a new pension 'levy' averaging 7.5% towards their pensions.
-
News
Ombudsman may file further Eq Life report
[15:15 CET 04-02] UK – Ann Abrahams, the Parliamentary Ombudsman, is considering whether to submit a follow-up report on Equitable Life detailing why she finds the government response to her report "unsatisfactory", a committee of MPs has been told.
-
News
EFRP supports Romanian funds
ROMANIA – The European Federation for Retirement Provision has labelled the Romanian government's decision to maintain second pillar contribution levels as being “of grave concern”.
-
News
Compound rate big mistake for funds – Van Nunen
[16:50 CET 03-02] NETHERLANDS – Fiduciary management consultant Anton van Nunen has claimed the condition of pension funds is less severe than portrayed, and instead argues much of funds’ funding shortfalls can be attributed to the compound rate.
-
News
BT takes sipp for new DC scheme
[16:00 CET 03-02] UK – BT, the telecoms giant, has appointed Standard Life to provide a new corporate self-invested personal pension (CSIPP) to replace its existing defined contribution (DC) schemes.
-
FeaturesThe advantages of conservatism
Portuguese pension fund asset allocation has been criticised in the past for a traditional approach that lost out on potential gains. But George Coats finds that at a time of market crisis it may limit losses
-
Special Report
A matter of survival
A deeper understanding of environmental, social and governance issues will allow you to make better-informed investment decisions
-
Special ReportBest practice lies in the balance
Gail Moss assesses the recommendations on best practice for pension funds by UK pension fund trustee Brian Holden who was commissioned to write a report on governance
-
FeaturesPension funds see crisis role
Europe’s mighty central banks are being stretched to their limits, not only in the range of problems they need to fix, but also in their financial firepower. In some countries, pension funds have stepped in as the new investors of last resort, transforming themselves almost overnight into Pension Fund plc ...
-
FeaturesPutting off mañana
Although the leading political parties agree they should revisit the Toledo pact that is the basic text of Spain’s pensions reform, they have yet to agree when. And pensions are just not on the current government’s agenda, writes George Coats
