Latest on Regulation & Reform – Page 422
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News
Pension Corp demands Telent trustees' exit
[16:45 CET 09-11] UK - Pensions Insurance Corporation (PIC) has threatened to lapse its offer on telecoms group Telent, unless the regulator removes the independent trustees it appointed to Telent's £3bn (€4.3bn) pension fund last month.
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Irish bodies increase mandate needs
[16:30 CET 09-11] IRELAND – The Irish Pensions Board and National Treasury Management Agency (NTMA) have issued several mandates to assist with pension fund management, including a tender for a €600m emerging markets investment.
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Few schemes allow for longer longevity projections
[12:00 CET 09-11] UK – Less than 1% of UK pension fund sponsors leave room for wider mortality improvement factors to value future liabilities, says Barnett Waddingham.
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Pensionskassen growth stagnates - GDV
[11:00 CET 09-11] GERMANY – Germans remain cautious about investing money long-term despite good economic development, the association of German insurers (GDV) has found.
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NAPF calls for fresh Myners Review
[16:45 CET 08-11] UK - The National Association of Pension Funds (NAPF) has suggested there should now be a complete review of the pensions principles set up by former head of Gartmore fund managers, Paul Myners, in 2001.
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ECJ backs fresh claim on withholding tax
[16:40 CET 08-11] EUROPE – European pensions funds are now entitled to claim hundreds of millions of euros in tax from the Netherlands government, after the European Courts of Justice ruled against their application of withholding tax (WHT) on dividends.
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SER's inquiry right shift "damages shareholders"
[15:00 CET 08-11] NETHERLANDS – Proposals from the Social Economic Council (SER) to reform the right to instigate an inquiry will damage the position of minority shareholders, Eumedion, the platform for institutional investors, has claimed.
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Let funds decide on conversion rate – OECD
[11:00 CET 08-11] SWITZERLAND – The rate with which accrued pension assets are converted into benefit payments should not be decided by politicians, said the Organisation for Economic Co-Operation and Development (OECD).
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Free pension tracker to tackle info gap
[15:30 CET 07-11] IRELAND – A free pensions tracker service has been launched by an Irish financial adviser firm which is designed to track down information on individuals’ past pensions.
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Ukraine wants migrant pensions system
UKRAINE – The Ukrainian ministry of labour and social policy is calling for a EU-wide, paritarian pension system for Ukrainian migrant workers, IPE has learnt.
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PPM wants to 'wake up' DC members
[15:15 CET 06-11] SWEDEN – The Premium Pension Authority PPM is planning to send a reminder to 600,000 members of the compulsory defined contribution system who have not changed their fund selection since entering.
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CEIOPS changes direction on Solvency II (amended)
[16:45 CET 02-11] EUROPE – The widely-criticised Solvency II directive, an EU-initiated project aiming at creating a more risk-related solvency model, may not be adopted for pension funds after all, IPE has learnt (Including amended remarks in last paragraph).
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Ministers seek improved pension terms
[15:45 CET 02-11] UK/IRELAND – Government ministers' pensions have fallen under the spotlight, as MPs in both the UK and Irish Republic have sought improvements to their financial arrangements.
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Hedge funds and private equity 'have positive impact'
[13:30 CET 02-11] NETHERLANDS - The effect of private equity investors and hedge funds on the Dutch economy and companies are modestly positive on average, researchers from Erasmus University have claimed.
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Small funds may be unaffordable in future – DNB
[16:30 CET 01-11] NETHERLANDS – The average pension fund may well be too small to be affordable, says Klaas Knot, director of supervisory policy at the Dutch central bank DNB.
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Features
Too much of a good thing?
How much information is too much? One might ask that question after reading the provisions of the 401(k) Fair Disclosure for Retirement Security Act of 2007, a new bill that is sponsored by George Miller, a Democrat congressman from California. Last month a hearing on the bill was held at ...
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Features
Criticism mounts over Danish SP policy
Uncertainty over the future of the mandatory second pillar SP, long seen as a back door tax on Danes, continues with mandatory contributions suspended and its future under review, Rachel Fixsen reports
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Features
IASB mulls over average salary
“We can’t pretend that we’re not doing something that we’re doing,” Mary Barth told her fellow IASB members on 19 September. “I think we have to be honest with the world about what we’re doing as opposed to pretending that we are not changing things when we are.”The bad news ...
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Features
Knitting together the EU quilt
Europe requires private placements. Iain Morse reports on how this can be achieved
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Steffen re-elected CEIOPS head
[16:30 CET 31-10] EUROPE – Thomas Steffen of the German financial services watchdog BaFin has been re-elected as chair of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
