Latest on Regulation & Reform – Page 396
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News
Netherlands tightens measures against property fraud
[16:45 CET 03-11] NETHERLANDS - The Dutch government is stepping up its efforts to prevent property fraud by tightening rules for notaries, surveyors and brokers.
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News
Germany attacks pensions tender obligation
[16:30 CET 03-11] GERMANY – Frank Baumeister, from Germany’s social ministry, has criticised rules set by the European Commission requiring all government-led organisations to tender for providers of occupational pensions as unfair and unncecessary.
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News
BilMoG arrival will go ahead - ministry
[16:15 CET 03-11] GERMANY – The introduction of BilMoG, the German modernisation of domestic HGB accounting rules for unlisted companies, is set to be introduced on schedule according to the German ministry of justice (Bundesjustizministerium).
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News
Builder arrested in Ombudsman court case
[16:00 CET 03-11] IRELAND – A legal action brought by the Pensions Ombudsman against the owner of O'Mahony Civil Engineering Limited for failing to provide payroll documentation will now be heard in November, after the employer was arrested and released on surety.
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Features
Happy Honecker: censorship lives
In the former East Germany, the Honecker regime cunningly blanked-out maps west of Berlin in a bid to foil escapes. This is an approach that the IASB’s pension team appears to have taken literally. An example is Paragraph 50 of the observer notes for the board’s December 2007 discussions: “A ...
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Features
Polish reforms take shape
Polish pension reforms began in 1999, but the presentation of new legislation relating to bridging pensions, annuities and the programmed withdrawal of funds suggests the reforms of the second pensions pillar could be completed just as the first pensions are paid next year. Ten years ago, Poland introduced a new ...
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Special Report
The dog that didn’t bark
The failure of a court case arising from the collapse of a pension fund to result in any convictions aroused little interest among the general public, says George Coats
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Features
Reforms on test from crisis
The global financial crisis has sparked a review of Finnish pension reforms. Reeta Paakkinen reports
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FeaturesPPM overhaul offers a better choice
Sweden’s PPM system is being overhauled. Mikael Nyman explains the reasons why and outlines the new landscape
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FeaturesLänsförsäkringar’s fruit leaves sour note
Many institutional investors shun hedge funds as opaque in process and therefore difficult to comprehend. Such investors can always fall back on the Warren Buffett adage that if you do not understand something, you should not invest in it. Far rarer are those institutions that have tasted the fruits of ...
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News
Protestors occupy pensions ministry
POLAND – Polish trade unionists occupied the ministry of labour and social policy on Wednesday and Thursday in protest against the government's legislation to introduce bridge pensions.
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NewsPension supervision intensifies as crisis takes hold
[17:00 CET 30-10] GLOBAL – Pensions supervisors across the globe have stepped up their supervision of pension fund reporting and increased the frequency of stress tests on asset liability strategies on the back of credit crunch market turbulence, the International Organisation of Pension Supervisors has revealed.
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News
Peers reject annuity rule suspension
[16:40 CET 29-10] UK – The UK government has rejected amendments to the Pensions Bill which would have allowed the temporary suspension of a requirement on pensioners to buy an annuity at age 75.
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News
Finnish funds prepare for relaxed solvency rules
[17:10 CET 27-10] FINLAND – Tela, The Finnish Pension Alliance, said Finnish pension funds are preparing for the arrival of new proposals to relax solvency regulations, which should be implemented in the coming weeks.
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News
Turkish pensions to see first of three new entrants
[16:55 CET 27-10] TURKEY - Ray Sigorta, a pensions joint venture from Vienna Insurance Group and Dogan Holding in Turkey, is planning to enter the local private pension funds sector by June 2009, while two others firms are understood to looking at entering too.
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News
TPR predicts market impact on recovery plans
[16:05 CESt 24-10] UK – The Pensions Regulator (TPR) has confirmed the current economic difficulties could result in schemes submitting recovery plans for 2009 that include larger deficits, weaker employer covenants and longer recovery periods.
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News
AEIP warns EC on tax incentives stance
[16:00 CEST 23-10] EUROPE – Jacques-André Schneider, a prominent member of the European Association of Paritarian Institutions of Social Protection (AEIP) Scientific Advisory Board, has cautioned the European Commission (EC) on its remarks concerning tax incentives for privately-managed pension provision in Europe.
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NewsEC questions need for enhanced pensions framework
[16:45 CEST 21-10] EUROPE – The European Commission has suggested an improved legal framework may be required to improve pensions coverage and ensure individuals have adequate income at retirement.
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News
No need for second pillar – IHS (updated)
[16:05 CEST 21-10] AUSTRIA – Increasing the real retirement age is enough to ensure people will still be able to live off the state pension in 60 years' time, according to Bernhard Felderer from the Austrian Institute for Advanced Studies (IHS).
