Latest on Regulation & Reform – Page 409
-
News
TPR's buyout powers will be 'constrained'
[15:00 CEST 23-04] UK – The Pension Regulator's extended anti-avoidance powers will be "constrained" by accompanying guidance, Mike O'Brien the minister for pensions reform has confirmed.
-
News
IASB may scale back pensions accounting project
[12:30 CEST 23-04] GLOBAL - The future of the International Accounting Standards Boards' due process discussion document on pensions accounting is in doubt, following public comments by IASB research director Wayne Upton.
-
News
Incentives and health determine later retirement
[11:30 CEST 23-04] NETHERLANDS - Financial incentives and individuals’ health determine whether workers want to carry on working when approaching retirement, researchers have found.
-
News
Unions want clear say in pension vehicle API
[11:45 CEST 22-04] NETHERLANDS - Industry-wide pension fund schemes are unlikely to implement the new general pension vehicle API anytime soon, according to CNV union because social partners do not want to lose their say in the running.
-
News
IBEC calls for 'radical' public pension reforms
[12:00 CEST 18-04] IRELAND – The Irish Business and Employers Confederation (IBEC) has called on the government to implement more radical reforms in public sector pensions, including a cap on contributions.
-
News
Sweden to relax alternatives regulation
[16:40 CEST 17-04] SWEDEN - The SEK225bn (€24bn) AP3 fund, one of the Swedish buffer funds, is in talks with the Swedish government about the relaxation of alternatives investment rules.
-
News
Donner pushed ahead with 'unclear' indexation label
[16:20 CEST 16-04] NETHERLANDS - Social Affairs’ minister Piet Hein Donner has decided to go ahead with the present design of the indexation label, despite broad criticism from the pension funds about its clarity.
-
News
Financial regulation must be overhauled, says OECD
[16:45 CEST 15-04] GLOBAL – Financial markets will take approximately 12-18 months to recover and require “fundamental reform” along with their regulation as a result of the new financial framework created by the credit crunch, according to the OECD.
-
News
Proposed ASB rules to widen pensions valuations
[12:20 CEST 15-04] UK – Proposed changes by the Accounting Standards Board to pension fund accounting create a discrepancy between the economic valuation of FTSE 100 schemes and those applied under accounting rules worth over £145bn (€181bn), according to figures presented by pensions consultancy firm Redington Partners.
-
NewsDWP finalises CETV regs
[16:15 CEST 14-04] UK – The Department or Work and Pensions (DWP) has published the final regulations relating to the calculation of cash equivalent transfer values (CETVs).
-
News'Too early' for FTK evaluation, says DNB
[16:00 CEST 14-04] NETHERLANDS – Joanne Kellerman, the new director at the Dutch central bank (DNB), has today argued it is too early to evaluate the FTK assessment framework.
-
NewsPension Corporation agrees to TPR approval
[15:30 CEST 14-04] UK – Pension Corporation has agreed to abide by a proposal from The Pensions Regulator (TPR) stating it will not appoint a member of the firm as a trustee of the Telent pension scheme, without first gaining approval from the Regulator.
-
NewsIMF confident over Turkish reforms
[16:15 CEST 11-04] TURKEY – The International Monetary Fund (IMF) is "confident" that the structural reforms in the Turkish pension system, which are "absolutely important and necessary" for economic stability, "will go on".
-
NewsOECD agrees 'restraint' on SWF security fears
[16:00 CEST 11-04] GLOBAL – The Organisation for Economic Cooperation and Development (OECD) has published guidance for countries on how to treat investment from sovereign wealth funds (SWFs) fairly, which recommends using "restraint" when protecting "essential security" interests.
-
NewsOmbudsman wins court case against building firm
[15:15 CEST 11-04] IRELAND – Paul Kenny, the Pensions Ombudsman, has won a court order forcing a construction company to provide his office with records of employment, and has also initiated criminal proceedings against the firm for obstructing investigations.
-
News
Hedge funds do not need direct regulation - FSA
[16:50 CEST 10-04] UK – Direct regulation of hedge funds is not "appropriate" as they "do not pose a systemic risk to financial stability", the UK Financial Services Authority (FSA) has claimed.
-
News'No brainer' API still some time away
[16:40 CEST 10-04] NETHERLANDS – The planned new Dutch pensions vehicle, known as an API, will be introduced but the legislative process may take another year still, suggests independent pension consultant Joop Rietmulder.
-
NewsTPR updates employer debt guidance
[12:30 CEST 10-04] UK - The Pensions Regulator (TPR) has published updated guidance on multi-employer withdrawal arrangements, following amendments to government regulations on section 75 debt.
