Latest on Regulation & Reform – Page 401
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News
New tax might reduce long-term fund saving – BVI
[16:15 CEST 24-09] GERMANY – Long-term investors in funds must be exempt from the new CGT to be introduced in Germany from next year, the federal association of investment and asset management BVI has warned.
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News
ECJ tackles age discrimination in pensions
[16:50 CEST 23-09] EUROPE – The European Court of Justice has unveiled two key judgment developments today which suggest pensioners cannot argue they have a right to work beyond the state retirement age if the employer does not allow it while companies can also refuse to pay benefits on the ...
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News
Slovakia continues 2nd pillar erosion
SLOVAKIA – The Slovakian government is making a fresh claim on private pension provision and has introduced a second deadline allowing Slovakians to leave the second pillar pension system in favour of the state-run pension scheme.
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Special ReportStill a need to stick to principles
The pensions landscape might have changed greatly since the Myners principles were set out seven years ago, but David White finds that they are as relevant as ever
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FeaturesRegulatory response to market turmoil
IPE asked three pension funds – in the Netherlands, the UK and Sweden – ‘Do you think the authorities will respond to the current market turmoil with new regulation?’ Here are their answers:
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News
Kellermann hits back on fair value claim
[17:05 CEST 22-09] NETHERLANDS – Joanne Kellermann, executive director at the Dutch central bank DNB, has brushed off criticism of the fair value accounting of pension liabilities, at the same time as the regulator becomes the latest to ban naked short-selling.
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News
Lehman's UK pension seeks PPF rescue
[16:00 CEST 22-09] UK – Trustees of the Lehman Brothers Pension Scheme have taken the first steps to find out whether the UK defined benefit pension fund should fall under the management of the UK’s pensions lifeboat fund.
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Special Report
The road ahead
Giles Drury and Tom Brown discuss how fund managers can move on after the credit crisis
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Special ReportSource of support and influence
With the burden of regulation growing and problems around issues like Solvency II, Martin Delaney asks how pension associations are tackling these issues on behalf of members
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Features
Exceptions to the rule
The message from Anne McGeachin on international financial reporting standards (IFRS) was clear: "The IFRS must be applicable worldwide, and we therefore cannot go around exempting jurisdictions.
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News
Pension funds review status of Lehman class action
[12:00 CEST 22-09] UK – Lawyers acting for two UK pension funds are now reviewing the terms of the current securities class action against Lehman Brothers and its directors following last week’s collapse of the company, to work out whether the new action will effectively have to be taken against ...
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News
EC threatens Poland with court action over pensions
POLAND – The European Commission given Poland two month to ease investment restrictions for its open pension funds (OPFs) before it file proceedings against the state at the European Court of Justice.
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News
Dutch insurers take regulator to court
[16:15 CEST 19-09] NETHERLANDS - The Dutch Association of Insurers (VvV) has the pensions regulator De Nederlandsche Bank with a court summons, for its part in what could allow the large pension funds ABP and PFZW to gain a foothold the insurance market.
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News
PFZW condemns pension proposals
[17:20 CEST 18-09] NETHERLANDS – PFZW, the €86bn pension fund for the Dutch health and welfare sector, has spoken out against new cabinet measures intended to increase labour participation between the ages of 62 and 65.
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News
Central banks pump money markets as AIG shares spiral (amended)
[17:05 CEST 16-09] GLOBAL – Central banks injected huge sums of money into the capital markets today in a bid to prevent from liquidity from seizing up but turbulence in the markets is still driving the price of equities down and bonds prices up as all eyes are now on ...
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News
EC cautious on IASB moves
[16:10 CEST 16-09] EUROPE – The European Commission (EC) has stated it expects the International Accountancy Standards Board (IASB) to proceed with extreme caution in the implementation of improvements to IAS19 accounting standards planned for 2011.
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News
ÖPAG halts cross-border plans
[15:45 CEST 16-09] AUSTRIA – Differences in labour and social laws across Europe are slowing down Austrian Pensionskasse ÖPAG's plans to go cross-border, IPE has learnt.
