Latest on Regulation & Reform – Page 422
-
Features
Broadening the options
New regulation may go some way towards widening the investment possibilities for Spain’s pension funds, Iain Morse finds
-
Features
Phasing in changes
There is movement on the state pension front in Portugal, Iain Morse finds
-
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
-
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.
-
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.
-
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.
-
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.
-
News
Review may clarify VAT on pensions-related services
[16:30 CET 29-11] EUROPE – The European Commission is conducting a review of existing legislation for value-added tax (VAT) on financial services and insurance companies, which might finally determine whether European pension funds should be exempt from paying VAT on outsourced investment services.
-
News
Dutch state maintains index-linked bonds line
NETHERLANDS - The Dutch Finance minister Wouter Bos he has reiterated he is not considering the issuance of index-linked bonds.
-
News
PPF mulls buffer amid claims of overcharging
[15:30 CET 28-11] UK - The UK's Pension Protection Fund (PPF) is looking to set up a buffer fund with any surplus it might accrue in the future, IPE has learnt.
-
News
Parliamentary pension fund too costly – German MPs
[12:00 CET 27-11] GERMANY – German MPs have agreed to increase in their retirement and make cuts in their pensions but have voted against the creation of a pension fund for members of the parliament, the so-called ‘Bundestag’.
-
News
Christmas pension action 'unnecessary' - BAA
[16:55 CET 26-11] UK – UK airport group BAA has called the industrial action over the closure of its final salary pension scheme “unnecessary”.
-
News
Promoting property as a pension is wrong - MetallRente
[16:30 CET 26-11] GERMANY – Plans by the German government to subsidise private property by way of supplementary pensions endangers the level of retirement provision, industry pension group MetallRente noted.
-
News
DAX blue-chip gets Pensionsfond approval
[16:30 CET 23-11] GERMANY – Munich-based mechanical engineering group Man AG has received regulatory approval for its Pensionsfond within its contractual trust agreement (CTA).
-
News
Greece plans pension funds merger
[16:45 CET 22-1] GREECE – The Greek Ministry of Employment has announced pension reform proposals which will see 154 pension funds rolled into just 14, in a bid to improve the financial health of the system.
-
News
McCreevy: Solvency II needs more work
[15:15 CET 22-11] EUROPE - Charlie McCreevy, the European commissioner for internal markets and services, believes further work is needed before EU member states can commit themselves to the Solvency II regime.
-
News
Pension increase ‘not helpful’ for second pillar - consultant
[15:00 CET 22-11] AUSTRIA – Raising the state minimum pension and telling voters a raise of retirement age was ‘not necessary’, and is not helping to further develop second pillar retirement provision, Peter Prandstätter, managing director of Benefit Consulting, has told IPE.
-
News
Trustee case reveals need for documents
[14:30 CET 22-11] UK - A recent move by the UK pensions ombudsman to rule on a dispute rather than giving the trustees a second chance highlights the need for trustees to keep records of decision-making, pensions lawyers have declared.
-
News
EFRP seeks regulatory slowdown
[16:00 CET 21-11] EUROPE – The directive on Institutions for Occupational Retirement Provisions (IORP) needs more time to deliver according to a new survey by the European Federation for Retirement Provision (EFRP).
-
News
SEC risks reputation over investor rights, warns USS
[14:30 CET 21-11] US/UK - The US Securities and Exchange Commission will miss the chance to show it is serious about investor rights if it forges ahead with a ruling stopping shareholders putting forward candidates for corporate boards, according to UK pension fund the Universities Superannuation Scheme (USS).
