Latest on Regulation & Reform – Page 421
-
News
Belgium fills OFP gap
[16:45 CET 13-12] BELGIUM – The CBFA, Belgium’s pension regulator, has finally clarified its position on solvency for the new OFP pension vehicle – so far a ‘missing link’ in the legislation.
-
News
Empower supervisory boards, say top economists
NETHERLANDS - Supervisory boards should be given more power to deal with activist shareholders and private equity players, in order to avoid negative effects on a company’s long-term value, Dutch economists have claimed.
-
News
Banks granted right to sell pensions products
[12:00 CET 13-12] NETHERLANDS - Dutch banks will be competing with insurers from January to offer tax-friendly savings products as additional pensions plans.
-
News
Polish gov’t asks EBRD for help over PZU
[15:00 CET 12-12] POLAND – The European Bank for Reconstruction and Development (EBRD) is looking at how it might help resolve the conflict over the privatisation of Polish insurance giant PZU.
-
News
Call for portability directive revival
[11:00 CET 12-12] EUROPE – The European Economic and Social Committee (EESC), a European Union consultative body set up in 1957, has called for new discussions on the EU portability directive.
-
News
DG queries 'acting in concert' perception
[17:00 CET 11-12] EUROPE – Members States may be forced to rethink the recent introduction of 'acting in concert' corporate governance rules as European Commissioner Charley McCreevy has suggested some governments could be seen to hamper "legitimate" shareholder "collaboration".
-
Features
IGFCSS to manage supplementary plan
The parametric reforms introduced since 2002 will have the affect of reducing the growth of first pillar pensions.
-
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.
-
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.
-
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.
-
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.
-
Special ReportShowing the way on governance
Roger Urwin advocates a greater focus on governance and internal investment resources for pension funds
-
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.
-
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.
-
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.
-
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).
-
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.
-
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.
-
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.
-
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.
