Latest on Regulation & Reform – Page 40
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Opinion PiecesThe buyout pendulum starts to swing back to the DB norm
Vogue fashion magazine reports that flared trousers and mullets are back after a 50-year absence. They were not a good look even then, but fashion has its own drivers which do not necessarily involve good taste or even practicalities.
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Opinion PiecesItaly needs a serious debate about pensions
Italian policymakers are bent on indulging the relatively small but influential minority of Italians that is nearing retirement, but lament that the statutory retirement age of 67 is too high. The reform efforts of past years have been towards reducing the retirement age or increasing flexibility in retirement. The resources employed towards supporting second-pillar pensions have been next to none.
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NewsPensionsEurope pushes for changes to credit ratings reg amendments
Key variables, data sources, key assumptions, modelling, and quantitative techniques are crucial elements in determining the accuracy of the final ratings
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NewsTNFD sees 30% increase in recommendation adopters
The Taskforce also announced the launch of additional guidance covering real economy sectors, for financial institutions, and on value chain
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AnalysisUK election: No impact on Mansion House agenda expected
Labour’s manifesto says the party is committed to increasing productive investment in UK economy
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NewsIPD calls on politicians to bolster pension-saving incentives
Study shows one in four Danes are putting too little into their pension, leading to a ‘free-rider’ problem, lobby says
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NewsItaly’s pension regulator recommends tweaks to complementary pension system
COVIP is calling for adjustments to the complementary pension system to attract potential new members
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NewsNorway domestic SWF recommends 3% annual withdrawals
Folketrygdfondet defines a level of withdrawal which would allow the NOK365bn GPFN to retain its real-terms value
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NewsSwedish church pension fund defends real estate surge, after FSA fine
Kykans Pension’s CEO says it doubled its holding in Stenvalvet — in the face of an SBB takeover attempt - purely to protect scheme members’ interests
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NewsSwiss government recommends adoption of second pillar pension reform
Unions are campaigning against the reform, using the argument that the changes will mean further reducing the level of pensions
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AnalysisUK election: Another delay to funding code ‘highly likely’
Statement of strategy, guidance on new covenants or definition of significant maturity are still missing
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NewsSASB standards update risks opening ‘Pandora’s Box’, ISSB chair warns
The chair of the International Sustainability Standards Board has warned the board risks opening a “Pandora’s Box” with its commitment to update the legacy Sustainability Accounting Standards Board’s (SASB) standards. Emmanuel Faber said: “We actually opened a Pandora’s Box […] by saying that we are now going to prioritise our ...
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AnalysisWhy the Dutch buyout market fails to fulfil its promise
Insurance firm Lifetri left the market last month as the opportunities in the pension risk transfer market proved less appealing than expected
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NewsDanish FSA raps pension firms for green product shortcomings
PFA Pension, AP Pension and Danica Pension each dealt at least one official order to correct procedures after watchdog focuses on “sustainable” pension products
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NewsUncertainty over Dutch DC transitioners likely to lift in December, say admins
APG, TKP, Achmea and Blue Sky Group believe the ‘do or die’ moment for pension funds planning to move to DC in January 2025 will only occur in December
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NewsSwiss parliament to exempt public schemes from interest rate rule
The financial stability of public pension schemes could worsen with higher interest rates on savings, according to a motion
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NewsSwitzerland holds back on state greenwashing regulation
Federal Council gives instead the green light to new self-regulatory provisions that will soon come into force
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NewsIreland’s Pensions Authority launches trustee guidance on liquidity risk
The Authority’s guide highlights LDI, leveraged LDI, sale and repurchase agreements, swaps, currency hedging and inflation hedging as strategies to look out for
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NewsReal economy investment opportunity ‘remains large’ for pension funds, says COVIP
There is increasing interest by Italian schemes to invest in the country’s real economy, as they expand their investment strategies through partnerships
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NewsKyrkans fined for lacking risk limits, after court battle
Financial watchdog hands formal reprimand to Swedish church pension fund after contentious process
