Latest on Regulation & Reform – Page 406
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News
aba fears 'automatic link' to Solvency II
[15:15 CEST 04-06] GERMANY/EUROPE – aba, the German pension vehicle federation, has warned pension providers could still see an impact from Solvency II through the IORP Directive, even if the European Commission makes no explicit link.
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OECD warns EU against pensions "complacency"
[15:00 CEST 04-06] EUROPE – The Organisation for Economic Co-operation and Development (OECD) has warned the European Parliament there should not be “complacency” on pensions, as at least four countries still need to make “major reform efforts”.
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Pensions 'tax abuse' ceiling condemned
[15:45 CEST 03-06] DENMARK - Forsikring & Pension (F&P), the Danish insurance and pensions industry association, has branded proposals to impose a ceiling of DKK100,000 (€13,407) a year on Danish pensions contributions as "unnecessary and damaging".
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Ireland urged to 'reconsider' annuity and funding policy
[15:30 CEST 02-06] IRELAND – The Irish government should reconsider the funding standards for pension funds and the requirements to purchase annuities as part of its framework for reform, the OECD has suggested.
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ABP's Brinkman to mediate in Optas row
[15:15 CEST 02-06] NETHERLANDS – Dutch social affairs minister Piet Hein Donner has asked Elco Brinkman, exiting chairman of the giant Dutch teachers and civil servants pension fund ABP, to mediate in the Optas case.
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Features
Dead man walking
Question: What starts with ‘P’ and ends in chaos? Answer: The International Accounting Standards Board’s Phase I pensions accounting project. It has all been a bad dream. That was the message from the 21 April joint board meeting in London between the IASB and the US Financial Accounting Standards. At ...
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Special ReportSqueezed from all sides
Rachel Fixsen reviews the regulatory pressures facing European pension funds
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Features
A wait-and-see approach
New investment regulations have not had a great impact on Greek funds’ investments, says Reeta Paakkinen
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FeaturesDiminishing the mismatch
Fundamental indices could help mend the mismatch between assets and liabilities. David White reports
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Special ReportPhasing in changes
A reform package due to be implemented later this year will reduce the burden on the state pension system but falls short of adding a second pillar, says Reeta Paakkinen
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FeaturesTaking a leap in the dark
A reform of Greece’s first pillar leaves a lot still to be done, discovers George Coats
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News
Companies need 'API lite' - Mercer
[14:00 CEST 30-05] NETHERLANDS - The Dutch government should continue developing a general pension vehicle (API) which accommodates defined contribution schemes despite concerns from the defined benefit sector, consulting firm Mercer has suggested.
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Austrian government reaches pensions agreement
[13:00 CEST 30-05] Austria’s governing coalition is to establish a sustainability commission to tackle increasing life expectancy rather than automatically triggering an increase in the statutory retirement age.
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Agenda shifting from EU harmonisation to convergence
[12:30 CEST 30-05] EUROPE – Member states of the European Union are facing a trend of increasing economic convergence on pension policies, rather than a more encompassing passage of harmonisation, former Belgian prime minister Guy Verhofstadt has found.
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Legal 'certainty' needed over schemes' ESG duty
[12:00 CEST 30-05] EUROPE/GERMANY – Pension funds are calling for "legal certainty" over how sustainable development affects their fiduciary duty along with improvements to the quality of long-term sustainability information provided in company reports, a study commissioned by ASSET4 and the German government has revealed.
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German first pillar funds defended
[16:25 CEST 29-05] GERMANY – Pension funds for the self-employed have been given fresh support by the German government in a fight against dissolution plans put forward by unions and left-wing parties.
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EC eyes pan-European pensions for 'researchers'
[16:00 CEST 29-05] EUROPE – The European Commission has submitted a proposal suggesting companies should be encouraged to provide pan-European pension schemes for researchers working in the EU.
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Pension body questions 'API lite' (amended)
[16:05 CEST 28-05] NETHERLANDS - A general pensions vehicle (API) aimed at defined contribution schemes is not an adequate response to the problems in the pensions sector, according to the pension representative body OPF.
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News
Belgian pensions minister makes first move
[16:30 CEST 27-05] BELGIUM – Marie Arena, the newly-appointed minister for social integration and pensions, has announced the Belgian government will top up first pillar pensions by €100m in the next few months.
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News
EC eyes pension reserves 'hole'
[16:00 CEST 27-05] EUROPE - Guy Verhofstadt, former Belgian prime minister and now deputy chairman of the APG Groep Supervisory Board, has argued the European Commission is likely to increase its focus on the lack of pension reserves held.
