Latest on Regulation & Reform – Page 417
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News
Support unveiled on covenant review
[13:30 CET 22-01] UK – Aon Consulting has launched a service whereby pension fund trustees can more easily assess the covenant of the sponsoring employer.
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UK VAT ruling could trigger ‘million’ refund claims
[16:41 CET 18-01] UK – A legal victory allowing a professional trustee company to claim a value-added tax (VAT) refund on costs incurred while acting for a scheme in wind-up, could trigger "millions" more claims according to London-based law firm Sacker & Partners.
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Features
Super market waits for boost from Rudd
Australia’s new prime minister, Kevin Rudd, is backing the country’s bid to become an Asian funds hub. Richard Newell explains how tax reforms can make that bid more competitive
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Bank of Greece urges pension reform to protect public services
[14:55 CET 18-01] GREECE – The governor of the Bank of Greece has warned the government if it fails to adopt "early and major pension reform" the increased pension expenditure could jeopardise essential public services.
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Eureko and Polish treasury agree to talk over PZU
[14:40 CET 18-01] POLAND – Dutch insurer Eureko and the Polish treasury will form a working group to solve the long-running and often bitter dispute dispute over the privatisation of PZU.
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Nestlé's German fund mulls return from Dublin (Update)
[13:10 CET 18-01] GERMANY/IRELAND – Peter Hadasch, member of the board of the Nestlé's €1.2bn German Pensionskasse is considering swapping Dublin for Germany as the domicile for his fund's assets.(updated with new quotes from Hadasch)
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British worries about migrant worker pensions costs
[15:40 CET 17-01] UK – Increasing numbers of temporary migrant workers will pose a "significant challenge" to personal accounts in terms of communication and administration costs, the Personal Accounts Delivery Authority(PADA) has claimed.
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Features
Policy review engages Polish funds
As the new government reviews its policy options, pension funds tell George Coats what they think should be on its agenda
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Features
North Cyprus reforms pensions
Social Security reforms to harmonise the retirement benefits of public and private sector workers came into force in Northern Cyprus on 1 January.
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Features
Sofia Group gives region a voice
CEE pension associations formed an ad-hoc working group during an August 2006 meeting of pension representatives in Sofia, Bulgaria.
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Poland names pensions minister
[16:30 CET 14-01] POLAND – Agnieszka Chlon-Dominczak has been nominated as vice-minister at the ministry of labour and social policy in charge of pensions.
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Call for Hain to "explain or resign"
[15:30 CET 14-01] UK – Peter Hain, Secretary of State for Work and Pensions, should either explain his actions "convincingly" or leave his post, following scandals behind the funding of his attempted election as party deputy leader, the UK's opposition leader David Cameron has warned.
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Czech pushes for equal retirement age
[16:30 CET 10-01] CZECH REPUBLIC – The government of the Czech Republic is planning to unveil pension reforms in a draft bill requiring people to work longer for their pensions and which it hopes will raise the State retirement age to 65 by 2030.
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Danish infrastructure opens to private access
[16:15 CET 10-01] DENMARK - The private sector is set to play a far greater role in the long-term task of building and improving Denmark’s roads, bridges and railways, as a result of recommendations by the country’s Infrastructure Commission.
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Movement in PZU dispute
[15:30 CET 10-01] POLAND – The new Polish treasury minister Aleksander Grad will be meeting with representatives of Dutch insurer Eureko to discuss the future of insurance giant PZU.
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Centre opens knowledge of pensions law
[16:00 CET 09-01] DENMARK - A new research centre has been set up within the Law Faculty of Copenhagen University to boost knowledge about the pensions system in Denmark.
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Governance code still "too unclear"
[15:30 CET 09-01] NETHERLANDS – A consultation paper on corporate governance, hedge funds and private equity could ease pressures on shareholders' responsibilities, but still is unclear as to what constitutes ‘acting in concert’, according to Eumedion.
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Pensions regulation endangers stock exchange - IMF
[14:45 CET 09-01] BULGARIA – Strict pension fund regulations are hampering the development of the Bulgarian stock exchange (BSE) the International Monetary Fund (IMF) has warned.
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NewsHain warns of UK pensions “nightmare”
[16:30 CET 07-01] UK – Peter Hain, the UK minister for work and pensions, has warned individuals have to take responsibility for their own pensions futures of face a “nightmare” pension crisis in years to come.
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NewsAbolishing mandatory system creates new mountain – ASIP
[16:00 CET 07-01] SWITZERLAND – Abolishing the mandatory section of the Swiss second pillar pension provision would worsen rather than ease the financial crisis in the first pillar, according to Hanspeter Konrad, president of the federation of Swiss Pensionskassen ASIP.
