Latest on Regulation & Reform – Page 398
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News
Italy delays review of funds' asset limits
[16:20 CET 11-11] ITALY – A planned review aimed at allowing Italian pension funds to diversify into higher yielding asset classes has been put on hold, IPE has learnt.
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News
Dutch schemes get more time to recover - DNB
[17:30 CET 10-11] NETHERLANDS – The Dutch pension regulator DNB and the ministry of social affairs today announced pension funds will not have to submit recovery plans before April next year.
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News
IMF warns of need for Finnish pension reforms
[17:15 CET 06-11] FINLAND – The International Monetary Fund (IMF) has warned Finland it needs to improve pension fund management if it is to cope with a rapidly ageing population.
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News
Pension self-certifying may increase admin burden
[17:10 CET 06-11] UK – Pensions experts are warning the drafting of a government amendment to the Pensions Bill 2008 - allowing employers to 'self-certify' their existing pension scheme meets a "quality" standard - will increase the administrative burden on employers.
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News
Make second pillar mandatory – union head
[16:00 CET 05-11] GERMANY – The head of one of the largest German unions, IG Metall, Werner Lohre, thinks only a mandatory system can get second pillar participation to the necessary level.
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News
PPF seeks trustee managers for FAS role
[15:15 CET 05-11] UK – The Pension Protection Fund (PPF) is seeking trustee relationship managers to assist the trustees of schemes entering the Financial Assistance Scheme (FAS).
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News
Denmark delivers 30-yr bonds for pensions
[16:10 CET 04-11] DENMARK - The Danish government and central bank have agreed to issue a long-term government bond for the amount of around DKR60bn, following demands from the Danish pension sector.
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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.
