Latest on Regulation & Reform – Page 419
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Features
Belgium set to bridge OFP gap
Belgium’s pensions regulator, the Banking Commission, is to announce the funding details for the organisation for financing pensions (OFP), the recently unveiled legal entity designed to host pension funds, on 6 December.
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News
NAPF talks legal battle over 'pensions' VAT
[16:30 CET 07-12] UK – UK-based pension funds are being urged by its representative body to launch a legal challenge to the government’s line on value-added tax (VAT) following a recent court ruling on when services are exempt.
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News
Raising retirement ages is a start - Mercer
[15:45 CET 07-12] EUROPE – European governments are acting to tackle the growing pressure on retirement income, but doing so puts them at increase odds with their voters, according to consulting firm Mercer.
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Features
FondInps awaits green light
A final plan for the reform of Italy’s pension institute, INPS (Istituto Nazionale di Previdenza Sociale), will be presented by the Italian labour ministry before the end of the year.
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Special ReportShowing the way on governance
Roger Urwin advocates a greater focus on governance and internal investment resources for pension funds
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News
Pensions Bill fails to address auto-enrolment
[16:30 CET 06-12] UK – Pensions experts have warned the UK government needs to do more to ensure there is a level playing field for the implementation of personal accounts in 2012, as current EU legislation suggests some defined contribution schemes will not be allowed to auto-enrol members.
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News
Legal threat to pensions arms trade decision
[15:30 CET 06-12] UK – Trade union officials have warned Merseyside pension fund could face a legal challenge over a recent decision by local authorities to continue the fund’s investment in companies selling armaments.
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News
Prime minister sacks Polish pensions supervisor
[13:00 CET 06-12] POLAND – The vice-chairman of the Polish Financial Supervision Authority (KNF) with responsibility for pensions, Iwona Duda, has been dismissed by the new Polish prime minister, Donald Tusk.
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News
Dutch journos joins Grafische Bedrijven
[12:30 CET 06-12] NETHERLANDS – The €13m Dutch daily newspaper journalists’ pre-pension fund will be liquidated when its liabilities are transferred to the €6.4bn Dutch pension fund for the printing industry, Grafische Bedrijven (PGB).
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News
McCreevy questions EU regulatory setup
[16:40 CET 05-12] EUROPE – The European Commissioner for Internal Markets and Services has raised concerns about the effectiveness of the financial services regulatory regime in light of the recent credit crisis, but doubts the prospect of an EU-wide regulatory body.
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News
AFM voices its regulatory presence
[15:30 CET 03-12] NETHERLANDS - Hans Hoogervorst, the new chairman of the Dutch financial markets authority and pension regulator (AFM) has warned the Dutch pension sector needs to step up its transparency efforts to members.
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News
World Bank in CEE financial reporting push
EUROPE – The World Bank has opened a centre for financial reporting reform (CFRR) in Vienna, to aid countries in Eastern Europe and Central Asia in their transition to international accounting and reporting standards.
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News
Ashcroft plans regulatory departure
[11:25 CET 03-12] UK - John Ashcroft, head of strategy at the UK's Pension Regulator (tPR) is set to leave early next year, IPE has learnt.
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Features
Broadening the options
New regulation may go some way towards widening the investment possibilities for Spain’s pension funds, Iain Morse finds
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Features
Phasing in changes
There is movement on the state pension front in Portugal, Iain Morse finds
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Features
Widening the remit
A law has been drafted allowing Spain’s reserve fund to invest in equities. But, as George Coats finds, its details and timescale are still unknown
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News
Legal challenge to Polish retirement age
POLAND – Poland’s ombudsman has declared differing retirement ages for men and women is unconstitutional and is challenging it in the Constitutional Court.
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News
Pension supervisors replace president
[13:30 CET 30-11] GLOBAL – The International Organisation of Pension Supervisors (IOPS) said today it has appointed Ross Jones as its new president.
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News
Italian chamber clears pensions reform
[16:30 CET 29-11] ITALY – The Chamber of Deputies, the Italian parliament's lower house, last night approved a key pensions bill, IPE has learnt.
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News
Have Your Say on Solvency II
HAVE YOUR SAY: Pension fund and investment experts have been vocal in their initial criticism, and subsequent praise, of Solvency II proposals, which are now expected to exempt pension funds from meeting tighter funding levels under EU law.
