Latest on Regulation & Reform – Page 397
-
News
LGPS investment regs need to be 'simplified'
[16:40 CEST 20-10] UK – The Chartered Institute of Public Finance and Accountancy (CIPFA) intends to recommend the government simplify and modernise the investment regulations for Local Government Pension Scheme (LGPS).
-
NewsOPA calls for better policing of MNT rules
16:15 CEST 20-10] UK – The Pensions Regulator (TPR) has been urged not to "turn a blind eye" over the enforcement of member-nominated trustee (MNT) requirements simply because it has no legal powers, the Occupational Pensioners' Alliance (OPA) has claimed.
-
News
German crisis act to cover Pensionsfonds
[17:10 CEST 17-10] GERMANY – The upper and lower houses of the German parliament today passed an act designed to stabilise the financial market but which will see also Pensionsfonds able to secure funding from the government.
-
NewsAP2 corporate governance targeted 115 AGMs
[17:00 CEST 17-10] SWEDEN - Andra AP-fonden (AP2), the Second Swedish National Pension Fund, has confirmed it exercised its voting rights at the annual general meeting (AGMs) of 115 companies in the year to June 2008.
-
NewsVera/Pevos acquittals are final
[16:45 CEST 17-10] SWITZERLAND – All seven defendants in the Vera/Pevos trial have been officially confirmed as free men, as the public prosecutor had withdrawn his appeal against their acquittal.
-
News
STAR urges indexation decision delay (amended)
[16:35 CEST 17-10] NETHERLANDS – Industry-wide pension fund ABP may postpone its decision on indexation as a result of turbulence in the financial markets, and the Labour Foundation (STAR) has called on pension fund boards to do the same.
-
News
Former minister calls for end of three-pillar system
[17:00 CEST 15-10] AUSTRIA – The head of the European Senior Organisation (ESO) Karl Blecha has demanded to scrap the three-pillar retirement system and go back to solely relying on the state as pension provider.
-
News
OPF seeks collective companies' funds
[15:40 CEST 15-10] NETHERLANDS - The Foundation of Company Pension Funds (OPF) has called for amendments to be made to the Pension Act to allow individual company pension schemes to work together in a companies’ pension fund.
-
News
Trustee knowledge update includes buyout focus
[17:00 CEST 14-10] UK – The Pensions Regulator (TPR) has updated the framework and guidance on Trustee Knowledge and Understanding (TKU) to include more focus on buyouts, personal accounts and administration.
-
News
Firm fined €5,000 after failing PRSA rules
[16:50 CEST 14-10] IRELAND – The Pensions Board has successfully prosecuted an employer through the Dublin District Court for failing to meet its obligations in relation to Personal Retirement Savings Accounts (PRSA).
-
News
Governance requirements could be more 'proportionate'
[17:00 CEST 13-10] UK - The UK's governance requirements for trust-based schemes are very high in relation to scheme size, leading industry experts to calls for the possible introduction of more 'proportionate' regulation.
-
News
HFC 'confident' about Dutch VAT exemption
[17:00 CEST 10-10] NETHERLANDS – Akkie Lansberg, the managing director of the Dutch Holland Financial Centre (HFC), said today she is “confident” the value-added tax (VAT) on asset management services sought by pension funds will be abolished in the near future.
-
News
Dutch 'API lite' extended to cover some DB (amended)
[13:50 CEST 10-10] NETHERLANDS – The new premium pension institution (PPI), which is being created by the Dutch government as part of a new international vehicle to tap IORP guidelines, is being extended to cover all contribution-based scheme and may be applicable to some overseas defined benefit (DB) arrangements.
-
News
Lords confirm SRI can be applied in UK pensions
[16:00 CEST 09-10] UK – Members from the UK’s upper parliamentary house have clarified pension fund trustees are legally allowed to consider responsible investment in any of its decisions concerning assets held by the fund.
-
News
Finland to create pensions working group
[15:15 CEST 09-10] FINLAND – The Finnish minister for social affairs and health has confirmed the government intends to set up a working group to study the regulation and supervision of investments, including pension funds.
-
News
Jeannie Drake is acting chair of PADA
[11:20 CEST 09-10] UK - James Purnell, secretary of state for work and pensions, has confirmed Jeannie Drake will temporarily replace Paul Myners as chair of the Personal Accounts Delivery Authority (PADA).
-
News
Solvency Rapporteur suggests 'clean sheet' on pensions
[17:10 CEST 08-10] EUROPE – The European Parliament member tasked with delivering a consensus on the Solvency II directive has called on the European Commission to start afresh in its search for a pensions solvency regulatory solution which recognises pensions provision has to be suitably funded.
-
News
Trustee firms shown alternative route for conflict compliance
[12:30 CEST 08-10] UK – Company directors, including those of pension trustee companies, should look at meeting new conflict of interest rules concerning pensions by gaining authorisation from shareholders rather than other directors, Allen & Overy has suggested.
-
News
IGG to take responsibility for Myners
[16:45 CEST 07-10] UK – The government has confirmed it will go ahead with the establishment of a joint government-industry Investment Governance Group (IGG) to oversee the updating and development of the Myners principles.
-
News
Criticism of IASB shifts to its corporate structure
[16:30 CEST 07-10] GLOBAL - Swiss pharmaceutical and diagnostics giant Roche has slammed proposals by the IASB's parent body, the International Accounting Standards Committee Foundation, to create a seven-member oversight body comprised mainly of securities regulators to oversee the activities of the IASCF's trustees.
