Latest on Regulation & Reform – Page 401
-
News
Pension bodies oppose pensioners’ increased say
[14:00 CEST 26-08] NETHERLANDS - Pension fund representative organisations say they are disappointed to discover MPs have put forward a ‘hidden’ element of proposed legislation which would give pensioners increased say in pension schemes’ governing bodies.
-
News
Albania's second pillar is as good as ready
[15:30 CEST 21-08] ALBANIA – There is a political consensus in Albania from its two major parties to introduce a mandatory second pillar pension – but experts say it will have to wait until after the elections in autumn 2009.
-
News
Pension bodies propose new indexation label
[16:50 CEST 20-08] NETHERLANDS – Pension fund representative bodies have presented a new design to social affairs’ minister Piet Hein Donner which they hope will replace the controversial design for the Netherlands’ planned indexation label.
-
News
Value transfer communication needs improving - AFM
NETHERLANDS - The Dutch Financial Markets Authority (AFM) has warned pension providers need to improve their communications to individuals about pension participants’ rights when they move jobs.
-
News
Go ordered to honour Maltacom pensions promise
MALTA – Former employees of Cable and Wireless (C&W) Malta have won a court battle to receive backdated pensions rights from now owners of the firm Go plc, after being promised their entitlement in an government-endorsed agreement in 1975.
-
News
tPR suspends first independent trustee
[16:40 CEST 15-08] UK – The UK’s Pensions Regulator (tPR) has for the first time used its powers to suspend an independent trustee over concerns about the way some of the schemes the trustee administered were being run.
-
News
UK regulator fines Credit Suisse over 'rogue traders'
[17:00 CEST 13-08] UK – Credit Suisse has been hit with a £5.6m (€7m) fine from the UK’s Financial Services Authority for failing to keep an eye on activity inside its business which led to the “mis-marking and mis-pricing” of some of its asset-backed securities.
-
News
Swedish financial system faces 'significant challenges'
[16:50 CEST 13-08] SWEDEN - The Finansinpektionen (FI) has warned while the Swedish financial system has "fared well" in the current market environment, there is "no guarantee" the firms it supervises will not suffer difficulties.
-
News
GM and Deloitte to pay $300m settlement
[16:55 CEST 12-08] GLOBAL – US car manufacturer General Motors Corp and its auditor Deloitte & Touche have agreed to pay institutional investors, including pension funds, $303m (€202m) as settlement to a securities class action suit.
-
News
Danish schemes given until 2009 for CSR compliance
[16:10 CEST 12-08] DENMARK – Danish pension funds will have until the end of 2009 to comply with new legislation requiring the inclusion of corporate and social responsibility (CSR) activity in the management's review of the annual report.
-
News
AmCham criticises German SWF hurdles
[16:15 CEST 08-08] GERMANY – Plans by the German government to raise bars for sovereign wealth funds (SWFs) to invest in German companies have come under fire from the American Chamber of Commerce (AmCham).
-
News
TPR guides on pension transfers
[16:00 CEST 08-08] UK – The UK pension regulator (TPR) today has published draft guidance to help trustees of defined benefit schemes calculate transfer values for members preceding new transfer value regulation coming into force later this year.
-
News
Fortis still waiting for Ping An
[16:55 CEST 07-08] NETHERLANDS – Fortis is still waiting for approval from the Chinese regulators to complete its €2.15bn joint venture with Chinese insurer Ping An, the Belgian Dutch financials firm confirmed today.
-
Special Report
The risk sharing revolution
Risk sharing pension schemes offer the ability for employers to control their pension costs while providing a better deal for members than defined contribution arrangements. But have too many corporate fingers been burnt by the cost and liabilities involved in offering defined benefit plans? Ian Farr asks whether compnaies can ...
-
Special ReportSqueezing the life out of DB pensions
Are tightening pension funding regulations throttling Europe’s defined benefit (DB)pension plans? Is a threat to extend Solvency II to pension funds the final nail in their coffin? IPE readers give their verdict.
-
Special ReportTrying to play a longer game
Two asset managers and a pension fund discuss their priorities with Charles Neilan and explain their views on longer term asset management mandates
-
FeaturesMixed messages at a time of crisis
While the asset management industry is opening to foreign investors and independence is increasingly valued, the general outlook is still conservative, finds Nina Röhrbein
-
FeaturesIORP II: towards a new solvency framework?
Jacqueline Lommen reviews the two recent CEIOPS papers and calls on the pensions industry to make an active contribution to the upcoming IORP II public consultation
