Latest on Regulation & Reform – Page 413
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News
Real assessment framework is 'a bad idea' – Van Popta
[16:35 CEST 02-04] NETHERLANDS – Benne van Popta, chairman of the Association of Industry-wide Pension Funds (VB), has spoken out against reshaping the financial assessment framework (FTK) to place a stronger focus on 'real' pension promises.
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News
Same-sex partners have pensions spousal rights - ECJ
[17:10 CEST 01-04] EUROPE – The European Court of Justice (ECJ) in Luxembourg today decided denying same-sex partners pension rights is direct discrimination and unjustifiable.
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News
Gov’t bodies to follow NAPF review of Myners
[17:00 CEST 01-04] UK – The UK government has launched a review of the corporate governance principles applied to UK pension funds and trustees, which adds to the guidance review conducted last year by the National Association of Pension Funds (NAPF) concluding trustee standards had improved.
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News
EC asks SWFs to welcome transparency
[14:45 CEST 01-04] EUROPE/NORWAY – EU Trade Commissioner Peter Mandelson has warned Sovereign Wealth Funds (SWFs) not to respond with "resentment or indifference" to growing concerns about the impact of their investments on recipient countries.
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Features
What price fair value?
It is a given that any change to pensions accounting will inevitably produce earnings volatility. A Georgia Tech research team led by Dr Charles W. Mulford has recently attempted to answer the question: by how much? Starting with an analysis of “changes to the balance sheet and its effects on ...
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Special Report
Ownership creates involvement
Stakeholders in defined benefit pension funds should redefine who exactly takes which risks, what constitutes solvency and who owns which part of it. Theo Kocken takes the baton in the first instalment in a series of discussion papers
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News
Indexation label enters choppy waters
[16:00 CEST 31-03] NETHERLANDS - An indexation label, designed to give consumers clarity about future pensions indexation, is in trouble because several members of the preparatory committee have serious objections against its present draft.
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News
PPF adopts mortality changes as TPR issues dispute code
[11:30 CEST 31-03] UK – The Pension Protection Fund (PPF) has confirmed the changes to the mortality and discount rate assumptions will come into force from today (March 31 2008).
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News
Call for reform of Greek pensions "reforms"
[16:45 CET 28-03] GREECE – Proposed reforms to the Greek pensions system will do nothing to alter the status quo or improve the funding of domestic pensions, as little true change is being introduced, according to pensions experts.
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News
German pensions system "too complicated"
[15:45 CET 28-03] GERMANY – Supplementary retirement vehicles need to be simplified in order to boost the country's second pillar, the German banking federation “Bankenverband” has suggested.
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News
HMRC extends money laundering deadline
[12:00 CET 28-03] UK – HM Revenue & Customs has extended the deadline for registering as a trust or company service provider (TCSP) under new money laundering regulations, giving professional pension trustees until May 31 2008 to decide if they need to register.
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News
Career-average schemes hit by IASB proposals
[16:30 CET 27-03] GLOBAL - Career-average defined-benefit pension plans face substantial upheaval if the International Accounting Standards Board implements its new proposed definition of contribution-based pension plans, two leading pensions consultants have warned.
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NewsExperts praise FSA admission of errors
[17:00 CET 26-03] UK – Pensions experts say moves by the Financial Services Authority to tighten its supervision and risk management of UK financial services firms should improve the long-term confidence of investors following the Northern Rock debacle.
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News
Belgium names pension minister
[16:20 CET 26-03] BELGIUM – Marie Arena of the Francophone Parti Socialiste has when she joined the federal government as minister of social integration and pensions.
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News
Clearance confuses employer debt rules
[15:45 CET 26-03] UK – Updated clearance guidance issued by The Pensions Regulator (TPR) has "muddied the water" around the issue of the debt on the employer when it withdraws from a multi-employer scheme, Hamish Wilson & Co has claimed.
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News
Poland and Eureko seek final court settlement
POLAND – The Polish government and Dutch financial group Eureko have agreed any compromise reached in talks over Polish insurer PZU will be made subject to approval by a Polish court.
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News
Consultant claims 'good' employers face active discrimination
[16:15 CET 20-03] UK – The UK government is "actively discriminating" against 'good' employers who are providing defined benefit schemes, while failing to establish protection for the defined contribution schemes it actively encourages, Barnett Waddingham has warned.
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News
TPR refocuses clearance guidance at advisers
[15:30 CET 20-03] UK – The Pensions Regulator has published updated guidance on the clearance process, which is more focused towards advisers than trustees.
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News
ERAFP aims to diversify with new consultant
[15:00 CET 20-03] FRANCE – The €4.8bn French public service supplementary pension scheme ERAFP has said it has selected Mercer as its new investment consultant for an extended diversification of its investments.
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News
Gov't must "provide more reassurance" over pensions
[16:50 CET 19-03] UK – The existing system of means-tested benefits does not give people the necessary "reassurance" that they will be "demonstratively" better off in retirement if they save in a pension, industry experts have claimed.
