Latest on Regulation & Reform – Page 435
-
News
Swiss pension cuts postponed
[16:52 CEST 12-06] SWITZERLAND – The second chamber of the Swiss parliament criticised its fellow parliamentarians for rushing a reform of the pension system.
-
News
Pension fund interest in private equity rises 26%
[16:51 CEST 12-06] EUROPE – Private equity firms in Europe raised a record sum of €112bn in 2006, an increase of 56.4% from the year before, and pension funds contributed more than ever to this growth.
-
Features
Sizing up the cost of pensions
New funding regulations are forcing pension funds to run more efficiently, but do larger schemes have an advantage over their smaller peers? Rachel Fixsen reports
-
News
Greek intervention bonds JP Morgan deal
[15:56 CEST 11/06] GREECE – JP Morgan and the four pension funds involved in the disputed bond deal have reached a buy-back agreement.
-
News
German state pension drops below OECD average
[15:51 CEST 11/06] GERMANY – The maximum state pension benefit in Germany will fall below the average for 30 OECD countries because of government reforms enacted earlier this century, according to a new study by the Organisation for Economic Cooperation and Development (OECD).
-
News
IORP review will include solvency - McCreevy
[12:58 CEST 11/06] EUROPE – A review of the IORP directive starting next year will consider a solvency system for pension arrangements, Charlie McCreevy, EU commissioner for Internal Market and Services, told a conference on Friday.
-
News
AFM appoints new chairman
[10:59 CEST 11/06] NETHERLANDS – Former Dutch health minister Hans Hoogervorst will succeed Arthur Docters van Leeuwen as chairman of the Financial Markets Authority (AFM).
-
News
Swiss pensions architect quits board after questions
[17:05 CEST 08/06] SWITZERLAND – Professor Carl Helbling, one of the architects of Switzerland’s corporate pension system, has abandoned his board seat at a Swiss pension fund following questions about his involvement in the attempted sale of a fund affiliation.
-
News
Greek funds reject JP Morgan bond offer
[16:56 CEST 07/06] GREECE/UK – Greek pension funds have rejected the offer by JP Morgan and hedge fund North Asset Management to repurchase a Greek government structured bond, branded dubious by ministers.
-
News
Overlap of indexation label supervision "should be avoided" - ABP
[17:55 CEST 07/06] NETHERLANDS – Dutch pension giant ABP says an overlap could arise in the supervision by DNB and AFM of the indexation label.
-
News
Pensions are "deal or no deal" issue in M&As - LCP
[16:55 CEST 07/06] GLOBAL – Getting pension accounting sorted and knowing a company's true pension costs now rank among the most important issues in any merger and acquisition transaction, Lane Clarke & Peacock (LCP) has told company representatives.
-
News
OECD raps all members over pension reforms
16:52 CEST 07/06] GLOBAL – Some countries are "phasing in pension reforms too slowly", the Organisation for Economic Co-Operation and Development (OECD) states in its latest "Pensions at a Glance" report.
-
News
Lonely voice against ombudsman merger
[17:07 CEST 06/06] UK – The Association of British Insurers (ABI) is opposed to plans to integrate the Pensions Ombudsman (PO) within the Financial Ombudsman Services (FOS).
-
News
Confusion over voluntary entry in Romania
ROMANIA – The Private Pensions Commission has changed its mind and will now allow Romanians aged 35 to 45 more time to choose whether or not to join a second-pillar pension fund.
-
News
UK pensions ombudsmen to be merged
[16:30 CEST 05/06] UK – Retail and institutional pensions regulatory bodies will remain separate but the UK pensions ombudsmen's offices will be merged, minister for pension reform James Purnell has announced.
-
News
BVI fails to get tax breaks for retirement funds
[16:29 CEST 05/06] GERMANY – Fund industry association BVI has failed in its efforts to persuade the government to introduce future tax breaks on investment funds designed for retirement saving.
-
News
Slovenia takes tentative reform step
SLOVENIA – Early retirement will be penalised under a new law proposed by the Slovenian government but there is no increase in the statutory retirement age.
-
News
Italians veering away from TFR in pensions
[16:35 CEST 01/06] ITALY – One half of the Italian workforce has decided on where to place their severance pay 'trattamento di fine rapporto' (TFR) but most of those have decided against using putting it into a pension fund.
-
News
Personal accounts predicted to create “pension apartheid”
[16:34 CEST 01/06] UK – Actuaries are warning the introduction of personal account pensions could lead to a “pension apartheid” as employers intend to level-down contributions and close workplace schemes.
-
News
New Dutch body to pool financial strength
[16:31 CEST 01/06] NETHERLANDS – The Netherlands wants to promote the country as a financial centre by creating a new agency which will also focus on exporting pensions knowledge.
