Latest on Regulation & Reform – Page 402
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Features
Tackling the technicalities
After years of neglect Poland’s new government now needs to push on with the reforms to its pension system which it began in 1999
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FeaturesReviewing the Rendezvous
France’s review of its 2003 pension reform is underway. George Coats looks at the story so far
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Special Report
Assessing the key factors
Michael Atzwanger explains the current issues affecting the Italian pension fund industry
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News
Trustees classed as money laundering 'low risk'
[15:50 CEST 05-08] UK – Professional trustees may avoid having to register as a Trust or Company Service Provider under new money laundering regulations, as occupational pension schemes have been classified as “low risk”.
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FeaturesSlow progress expected
A long-time insider outlines the options available to the new pensions minister to Maria Teresa Cometto
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News
OECD releases new governance guidelines
[16:30 CEST 04-08] GLOBAL – The Organisation for Economic Co-operation and Development (OECD) has released its new pension fund governance guidelines for public comment.
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News
Allow pensioners on all schemes’ boards – MPs
[16:15 CEST 01-08] NETHERLANDS - Dutch MPs have tabled an amendment of the Pension Act giving pensioners of industry-wide schemes an equal say on the board, like their fellow pensioners of company pension funds.
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NewsFSA tells insurers to speed up annuity transfers
[16:45 CEST 31-07] UK – The UK’s financial services regulator, the Financial Services Authority has revealed the process of transferring pensions annuity cases between at insurance companies is being delayed in over 60% of cases in part because participants are confused by the forms to be completed.
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News
Dutch institutions too relaxed in tackling fraud - FEC
[15:15 CEST 31-07] NETHERLANDS – Financial institutions and service providers do too little to tackle fraudulent real estate transactions in the Netherlands, an official analysis of criminal and supervisory investigations has found.
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News
Allianz mulls pan-European pension fund
[16:00 CEST 30-07] GERMANY – The insurance group Allianz is considering rolling out a pan-European pension fund but regulations could yet hinder the project.
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News
NU nets half its missing trawlermen members
[14:15 CEST 30-07] UK – UK life insurance firm Norwich Union is still attempting to track down over 6,000 people who were thought to be members of the UK trawlermen defined benefit (DB) pension schemes, after it was found some members had never received payouts.
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News
Employer pain warning on Dutch executive pensions tax
[11:00 CEST 30-07] NETHERLANDS – Employers with businesses in the Netherlands might need to adjust their executive pension arrangements if Dutch lawmakers approve additional tax restrictions backed by the government, Towers Perrin has warned.
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News
Regulators should aid pension consolidation – OECD
[16:40 CEST 29-07] GLOBAL – Regulators should promote pensions consolidation as small pensions funds are handicapped when it comes to setting up internal governance, a new working paper by the OECD argues.
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News
Ireland denies plans for 'pension holiday'
[15:00 CEST 28-07] IRELAND – Officials of the Irish ministry of finance have today strenuously denied the government is working on legislation to take a two-year pension holiday from the National Pension Reserve Fund (NPRF).
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News
LAPFF issues deadline for M&S governance
[16:50 CEST 25-07] UK – The Local Authority Pension Fund Forum (LAPFF) has confirmed plans to file a resolution calling for an independent chair of Marks & Spencer (M&S) if the retailer fails to split the roles of chairman and chief executive by 2009.
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News
Poor record-keeping could add 5% to buyout cost
[17:05 CEST 23-07] UK – The Pension Regulator (TPR) is targeting poor record keeping with a consultation on new proposals for "good practice" guidelines for trustees and administrators, as evidence suggests poor practice significantly adds to the scheme's costs.
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News
BVI sees trend towards specialisation
[16:45 CEST 23-07] GERMANY – Investors are once again choosing separate providers for portfolio management and fund administration, according to the German investment and asset management federation BVI.
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News
Demands for SWF transparency 'will fail'
[15:25 CEST 23-07] GLOBAL – Growing demands for transparency by sovereign wealth funds (SWFs) from recipient countries will fail unless more diplomacy is used, asset management giant State Street has claimed.
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News
AFG 'confident' UCITS will include passport
[16:05 CESAT 22-07] EUROPE – The Association Française de la Gestion Financière (AFG), the French asset management association, today said it is confident the European Commission will include full fund passports as an element of the fourth Undertakings in Collective Investments and Securities (UCITS) directive.
