Latest on Regulation & Reform – Page 415
-
-
Special ReportLearning to live with volatility
As pension funds adapt to a new regulatory structure and deal with market instability, asset managers are having to assess how funds may respond, writes Rachel Fixsen
-
News
VB behind API if schemes remain mandatory
[16:30 CET 07-03] NETHERLANDS - The Association of Industry-wide Pensions Funds (VB) supports the new general pensions vehicle API, if the position of mandatory industry-wide schemes remains fully intact.
-
NewsPension boycott of Aegon over Optas (Update)
[15:00 CET 07-03] NETHERLANDS – FNV Bondgenoten, the largest Dutch union, is refusing to place any new deals with insurer Aegon, as it believes it has shown a “very unreliable” attitude in the Optas case.
-
NewsOECD to issue SWF governance guidelines
[14:30 CET 07-03]GLOBAL – The Organisation for Economic Co-operation and Development (OECD) plans to publish a paper in the next few weeks, outlining corporate governance guidelines which can be applied to Sovereign Wealth Funds (SWFs).
-
News
IMF warns against first pillar opt-out
[14:00 CET 06-03] CZECH REPUBLIC - Allowing people to opt out of the pay-as-you-go state pension pillar might end in consumption decline in the long run, the International Monetary Fund (IMF) has warned.
-
News
Personal accounts are "disaster waiting to happen"
[13:00 CET 05-03] UK – Automatically enrolling all employees into "tried and tested" products such as stakeholder pensions may be a better solution for extending pension coverage than "untested and inflexible state-controlled personal accounts", a report has revealed.
-
News
OPF warns of increased wind-ups prospect
[16:50 CET 04-03] NETHERLANDS - The government needs to speed up its plans for modernisation of the Dutch pension system, or it risks increasing the number of collective schemes moving into wind-up, according to the Foundation of Company Pensions Funds (OPF).
-
News
TPR given power to impose mortality changes on 'imprudent' schemes
[16:30 CET 04-3] UK – A new clause in the UK's Pensions Bill will allow The Pensions Regulator (TPR) to impose its preferred, stronger mortality assumptions onto schemes and potentially increase liabilities by 9%, Punter Southall has revealed.
-
News
Investment managers may pay for 'money guidance'
[16:50 CET 03-03] UK – Investment managers responsible for the assets of occupational pension funds should contribute to the funding of a new national system of "money guidance" expected to cost £49m (€64m) a year, an independent review has revealed.
-
.jpg)
FeaturesCommission issues two surveys in fight for pensions portability
More artillery has arrived on the battleground where the EU is still fighting for pan-European legislation on the portability of supplementary, non-state pensions for employees. The weapons recently wheeled into place by the European Commission takes the form of two heavyweight studies. These include existing national business practices, measures of ...
-
Features
Not another dagger?
The recent paper from the UK Accounting Standards Board (ASB) was described by Aon Consulting as “another dagger in the side of final salary pensions”. But when is a dagger not a dagger? Apparently, when an organisation or even an individual does something to draw attention to the increasingly unsustainable ...
-
FeaturesOverdue for an overhaul
International accounting standards have served pensions accounting well, but it is time for an update, argues Andrew Lennard
-
Features
A false sense of security
Nearly half of the Swedish public is labouring under a misconception about how money in their first pillar pension scheme is invested, according to a recent survey. The Premium Pensions Authority (PPM) runs the DC portion of Sweden’s first pillar provision. How the 2.5% of salary directed into it is ...
-
Special ReportOff the record: Bean counters called to account
Few issues have generated so much controversy among Europe’s corporate pension schemes as the application of international accounting standards (IAS). In Switzerland, the introduction of IAS19 has led pension lawyers to re-define Pensionskassen as defined contribution (DC) rather than defined benefit (DB) schemes in an effort to escape its provisions. In the Netherlands, industry-wide schemes have argued that the involvement of a large number of corporate sponsors has made the implementation of IAS19 impossible.
-
FeaturesGaps in the landscape
While the authorities hope the new OPF vehicle will attract foreign pension funds to base themselves in Belgium, the domestic second pillar is not as robust as it should be, George Coats finds
-
FeaturesHands off the tiller
Belgium was without a government for the second half of last year. Did anybody notice? George Coats investigates
-
News
IAPF favours SSIA over mandatory approach
[16:35 CET 29-02] IRELAND – The Irish Association of Pension Funds (IAPF) has warned the government adopting a mandatory approach to pensions would "exacerbate" the current problem of low contribution levels, and argued a type of special savings incentive account should be introduced instead.
-
News
Czech faces ECJ over IORP non-compliance
[16:30 CET 29-02] CZECH REPUBLIC – The European Commission has referred the Czech Republic to the European Court of Justice for only partially implementing the IORP directive, as the Czech Republic does not provide access to occupational pensions at present.
