Latest on Regulation & Reform – Page 420
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News
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.
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News
Code of conduct matches principles shift
[14:30 CET 07-01] NETHERLANDS - Umbrella organisations for the Dutch pension funds have launched a new code of conduct, which is more principle-based than the earlier ruled-based regime.
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Pensions Board to expand information offering
IRELAND - The Pensions Board plans to expand its information team with the appointment of a new assistant head of information.
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News
Donner proposes ‘no fixed form’ to API 'institutions'
[17:00 CET 04-01] NETHERLANDS – Creation of new Dutch general pensions institutions, known as APIs, will not be given a fixed legal form to give overseas players flexibility in the market, according to Social Affairs’ minister Piet Hein Donner.
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NewsDebate to determine who owns pension assets
[16:00 CET 04-01] NETHERLANDS – The Dutch parliament will in the next three months investigate who in fact owns pension schemes’ assets accumulated to meet pension liabilities.
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News
PGGM in court again over insurance activity
[15:35 CET 03-01] NETHERLANDS – PGGM, one of the largest European pension funds, is being taken to court by the Dutch Association of Insurance Companies (Verbond van Verzekeraars) over claims of unfair competition.
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News
Legal claims rise as subprime action looms
[15:00 CET 03-01] GLOBAL – The number of cases filed and assets claimed through securities class actions climbed again in 2007, despite evidence just 18 months ago suggesting interest in case pursuance was slowing.
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IAPF suggests 'best practice' member contact
[16:30 CET 02-01] IRELAND – The Irish Association of Pension Funds (IAPF) has published a working paper outlining best practice for maintaining contact with deferred members.
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News
Actuaries call for 'radical' reforms over 'tinkering'
[15:30 CET 02-01] UK – The Association of Consulting Actuaries has warned more radical pension reforms are needed to avoid an "unsustainable" and "dangerous" gulf between private and public sector pension provision.
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News
Pressure on reinsured pensions eased
[13:00 CET 02-01] NETHERLANDS – Dutch corporations will no longer be faced with high redemption fees if they decide to move their pension fund from one insurer to another.
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Features
Revising the first draft
Hungary has modified its initial second pillar pensions architecture to introduce multiple portfolios, Thomas Escritt reports
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News
Government makes u-turn on high earner pensions tax
NETHERLANDS - The Dutch government has backtracked on its initial plan to limit the fiscal support for the build-up of a pension on incomes of over €185,000.
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Pensions portability directive edges closer
[13:00 CET 19-12] EUROPE – European Union officials believe they are now one step closer to finalizing implementation of the pensions portability directive, even though another attempt to improve cross-border pension arrangements was blocked by ministers from Luxembourg and Germany earlier this month.
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News
Pension funds negotiate investment rules
[16:30 CET 17-12] BULGARIA – The association of Bulgarian pension management companies (BASPC) has called on the government to lift the cap on mandatory pension schemes’ investment in equities and argued schemes should be allowed to participate in IPOs.
