Latest on Regulation & Reform – Page 408
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News
IASB rejects exemption for Dutch system
[15:00 CEST 07-05] NETHERLANDS - An exemption for the Dutch pension system will not be considered as part of the revision of the International Financial Reporting Standards (IFRS), according to project manager Anne McGeachin of the International Accounting Standards Board (IASB).
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News
OECD and IOPS unite over pensions guidelines
[14:30 CEST 06-02] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) and the International Organisation of Pension Supervisors (IOPS) have today published licensing guidelines to improve the management of work-related pensions.
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News
PPF sets out revised trustee role
[16:45 CEST 02-05] UK – Revised guidance to help trustees understand their responsibilities when applying to enter the Pension Protection Fund (PPF) has been put out for consultation.
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News
CMSA moves to dissuade against CMBS rating 'symbols'
[16:40 CEST 02-05] GLOBAL – The US-based Commercial Mortgage Securities Association (CMSA) has criticised proposals from the International Organisation of Securities Commission (IOSCO) to create a separate ratings regime for mortgage-backed securities (MBS) as “adding to investor confusion”.
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News
BaFin includes pension funds in its MaRisk
[16:10 CEST 02-05] GERMANY – The German financial services watchdog Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has written to its members - including pension funds - stressing governance frameworks need to be in place for the introduction of Solvency II.
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News
OECD calls for auto-enrolment
[16:30 CEST 01-05] GLOBAL – The Organisation for Economic Cooperation and Development has launched a financial education initiative which, among other things, suggests individuals with no access to pension schemes should be auto-enrolled into voluntary pension plans.
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Features
Varying value of the same promise
Charles Rodgers, a London-based pensions consultant at Watson Wyatt, has a problem: the long-awaited International Accounting Standards Board (IASB) due process discussion document on pensions accounting. His issue? The board’s new contribution-based promise definition and its proposal that the world’s bean counters should account for pension promises according to how ...
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FeaturesCredit crunch chickens come home to roost
Georg Inderst gives an overview of the effects of the sub-prime generated credit crunch on pension funds
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FeaturesPresenting the third supervisor
The Dutch pensions industry is already monitored by the Dutch Central Bank, DNB, and the Authority Financial Markets, AFM. Now a third supervisor, the Dutch Competition Agency, NMa, is joining the fray and turning its attention to the pensions market. Mariska van der Westen spoke with the head of NMa’s financial sector monitoring division, Fieke van der Lecq
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FeaturesSaying it right
The complexity of pension investments makes communication very important. Does the Dutch uniform pension statement offer a solution? Rachel Fixsen reports
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Features
A never-ending story
Attempts to ensure the sustainability of Germany’s pension system have been underway for years, say Klaus Stiefermann and Cornelia Schmid
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News
Gap in Irish wind-up regs creates 'major problem'
[16:15 CEST 30-04] UK/IRELAND – A gap in Irish pensions legislation regarding the treatment of members when a scheme is wound-up is a "major problem", according to the Irish Association of Pension Funds (IAPF).
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NewsPolish payout system in sight
POLAND – The Polish ministry of labour and social policy has submitted two bills to establish a payout system for Polish private sector pensions to the government for approval.
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News
LV 1871 Pensionsfonds signs €29m
[12:30 CEST 29-04] LIECHTENSTEIN/ GERMANY – The Liechtenstein-registered Pensionsfonds by German insurer LV 1871 attracted €29m in its first year of existence.
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News
Consultants warn against DC over-regulation
[12:00 CEST 28-04] UK – Consultants have warned against over-regulation of defined contribution (DC) schemes, following criticism of The Pensions Regulator's (TPR) existing approach by the House of Commons Public Accounts Committee.
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News
Gov't rejects plans to force ESG on PADA
[15:00 CEST 25-04] UK – The UK government has rejected amendments forcing the Personal Accounts Delivery Authority (PADA) to take account of the UN Principles for Responsible Investment (UN PRI), because personal accounts should not "set an example" for other schemes.
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News
Czech should consider 'mandatory' DC switch - OECD
[13:00 CEST 25-04] CZECH REPUBLIC – A mandatory switch to a defined contribution (DC) system, to phase out the existing 'full' pay-as-you-go (PAYG) pension system should be an option for Czech pension reform, claimed the Organisation for Economic Cooperation and Development (OECD).
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News
Improving DC governance is key TPR target
[12:30 CEST 25-04] UK – Improved governance standards in defined contribution (DC) schemes and the design and development of its role in personal accounts are two of the key challenges The Pensions Regulator (TPR) will face over the next three years.
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News
Lucent pension fund gets name change
[11:00 CEST 25-04] NETHERLANDS – The €547m Dutch pension fund of telecommunication systems manufacturer Lucent Technologies has changed its name following a merger with its sister pension fund Alcatel, IPE has learnt.
