Latest on Regulation & Reform – Page 408
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News
IAPF warns of compulsory pensions 'havoc'
IRELAND – The Irish Association of Pension Funds (IAPF) has warned introducing compulsion to Irish pension schemes would “cause havoc”.
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News
Fiduciary managers to be stamped with hallmark
[12:30 CEST 06-06] NETHERLANDS – The planned code of conduct for fiduciary managers pitching services to Dutch pension funds will take the shape of a quality mark, IPE has learnt.
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News
Finland must adjust pension system - OECD
[12:00 CEST 06-06] NETHERLANDS – The Organisation for Economic Co-operation and Development (OECD) has warned Finland its medium-term fiscal policy challenges need to be addressed with further pension reform and tighter fiscal policy in the short-term.
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News
IASB hints at watering down of pensions review
[16:20 CEST 05-06] GLOBAL - The International Accounting Standards Board could be on the verge of scaling back the scope of its Phase I project to address pensions accounting.
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SWF ESG policy is not "political interference"
[13:15 CEST 05-06] NORWAY - The decision to exclude companies from the investment universe of a sovereign wealth fund (SWF) should not be seen as “undue political interference”, the Norwegian minister of finance has claimed.
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News
Regulatory compliance 'challenge' for UK and Netherlands
[16:15 CEST 04-06] GLOBAL – Around 45% of pension funds find it challenging to comply with pension regulation following increased complexity in governance requirements, according to SEI Global Institutional Solutions.
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News
SEB's pension divisions fined for regulatory failures
[16:00 CEST 04-06] SWEDEN - Financial services firm SEB has been fined SEK30m (€3.2m) by the regulator for failing to have risk or compliance controls in place at its two pensions businesses, and been given three months to put things right.
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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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News
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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News
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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News
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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News
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.
