Latest on Regulation & Reform – Page 410
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News
Aegon gets green light for Polish merger
POLAND – Aegon, the insurance firm, has been given the regulatory approval to merge BRE Bank’s Skarbiec-Emerytura with its own Polish pension fund.
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News
Ombudsman's legal warning over non-compliance
[12:30 CEST 12-05] IRELAND – Paul Kenny, the Pensions Ombudsman, has warned "non-co-operation or prevarication" by companies in relation to his investigations will be met with the "full force of the law" following a second legal victory.
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News
TPR tackles "critical stage" of retirement options
[16:40 CEST 08-05] UK – The Pensions Regulator (TPR) has published the first in a planned series of "good practice guidance" for the running of defined contribution (DC) schemes.
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News
HMRC extends TCSP deadline over guidance delay
[13:30 CEST 09-05] UK – HM Revenue & Customs (HMRC) has again extended the deadline by which firms are required to register as a trust or company service provider (TCSP) under the new money laundering regulations, as updated guidance has been delayed.
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News
Commission Frijns taps Munsters in continuing role
[13:00 CEST 09-05] NETHERLANDS – The Corporate Governance Code Monitoring Commission , which tested the Tabaksblat Code, is now planning to implement a series of changes to corporate governance requirements.
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News
Dutch parliament rallies against IASB proposals
[15:15 CEST 08-05] NETHERLANDS - A large majority of the Dutch parliament wants the government to take steps to get essential components of the national pension system acknowledged in the new International Financial Reporting Standards (IFRS).
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News
AFM questions status of pension communications
[12:15 CEST 08-05] NETHERLANDS - A significant proportion of all Dutch pension providers and insurers may still not be ready to implement the new rules on providing information to pension funds’ participants, according to the regulator AFM.
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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).
