Latest on Regulation & Reform – Page 404
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News
Dutch government rejects raising retirement age
[15:30 CEST 30-06] NETHERLANDS - The Dutch government has rejected calls to raise the official retirement age and stated it would prefer to motivate people to work until they reach age 65.
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Three in 10 Italian workers have private pensions
[14:45 CEST 30-06] ITALY – Less than 30% of Italian private sector workers are now signed up as members of private pension schemes but the number has at least climbed to 3.5 million people, data from Italian pension sector regulator Covip reveals.
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FeaturesDeveloping India's capital markets
This report was researched and compiled by Christopher Hindle and Marie Verpilleux of Global Business Reports
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Czech Republic and Slovakia eye pension reforms (amended)
[14:30 CEST 26-07] EUROPE – The Czech parliament has finally approved changes to the pension system which will increase the State retirement age and incentivise savings in private plans, and Slovakia is planning to alter its private pension investment rules following pressure from the European Commission.
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CFA unveils global code of conduct
[16:00 CEST 26-06] GLOBAL – The Chartered Financial Analysts Institute is seeking to persuade all individuals who sit on the governing bodies of pension funds to improve governance by adhering to a global code of conduct for pension schemes.
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Call for pensions tax relief to fund Irish universal pension
[13:30 CEST 26-06] IRELAND – Ireland should significantly reduce tax incentives for occupational and private pension schemes in order to pay for a higher, and universal state pension, a joint paper from Trinity College and the think-tank for Action on Social Change (TASC) has claimed.
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FeaturesPension benefit indexation rules
Rachel Fixsen provides an overview of defined benefit pension indexing rules in three European countries
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News
Dutch funds see equities fall €32bn
[16:30 CEST 25-06] NETHERLANDS – Dutch pension funds saw the value of their equity portfolios drop by another 6% in the first quarter of 2008 because of continued unrest on the financial markets, the Dutch central bank DNB said today.
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NewsPensions Board action pushes compliance
[16:15 CEST 25-06] IRELAND – The Irish minister for social and family affairs has claimed four successful prosecutions by the Pensions Board in 2007 should "send a message" not to take risks with other people's money.
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Basque Country looks at territorial schemes
[15:00 CEST 24-06] SPAIN – A delegation of Basque Country representatives is examining two models of territorial pension funds with the aim of creating a single scheme for all its governmental departments.
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IMF tells Austria to 'ease investment restrictions'
[14:00 CEST 24-06] AUSTRIA – Regional restrictions on equity exposure in third-pillar pension vehicles might be detrimental to the funds' performance, the International Monetary Fund (IMF) has suggested.
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NewsNorway consults on ethical pension guidelines
[17:05 CEST 23-06] NORWAY – The Norwegian Ministry of Finance has issued a public consultation on the evaluation of ethical guidelines for the Government Pension Fund – Global, which highlights potential changes such as introducing a 'cut-off' point for active ownership discussions.
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OECD queries SWF future spending plans
[16:45 CEST 20-06] UK – The Organisation for Economic Cooperation and Development (OECD) has questioned whether sovereign wealth funds are likely to be as willing to continue investing in the finance and real estate market over the coming years following the recent surge of credit crunch-related deals, as officials argue ...
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'Regressive' proposals 'dumb down' Myners principles
[16:10 CEST 20-06] UK – The responsible investment charity FairPensions has launched an aggressive campaign against the UK government’s proposed changes to the Myners principles, branding them as "regressive" and likely to prove a failure.
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Unions call for full buyout review
[15:50 CEST 20-06] UK – A full review of the pension buyout market is needed to avoid putting pension schemes at risk from asset-stripping business models that seek to avoid regulation, the Trades Union Congress (TUC) has warned.
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ECJ sets date for UK age discrimination case
[16:45 CEST 19-06] UK/EUROPE – The European Court of Justice (ECJ) has set a date for the hearing of a legal action claiming the UK government has breached age discrimination regulations by allowing employers to set a mandatory retirement age of 65.
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Pension deal might break coalition
[16:25 CEST 19-06] AUSTRIA – The recently settled deal on sustainability in the pension system might now turn into the breaking point of the government coalition as one of the parties is changing its course.
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PADA to start administration search in 2009
[13:30 CEST 19-06] UK – The Personal Accounts Delivery Authority (PADA) has revealed it intends to issue a tender for scheme administration services for the new system of personal accounts in January 2009 with the contract expected to be awarded by the summer of 2010.
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Polish pension reforms deemed "incomplete"
POLAND – The Organisation for Economic Cooperation and Development (OECD) has described recent Polish pension reforms as a welcome measure but branded them “incomplete” and called for further stringent reviews.
