Latest on Regulation & Reform – Page 436
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News
Müntefering to extend fiscal exemption
[11:15 CEST 26-06] GERMANY – Pensions minister Franz Müntefering has decided to prolong a social tax exemption for deferred compensation plans beyond 2008.
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News
EBRD-backed Slovenian giant goes east
SLOVENIA – Slovenian pension provider Prva is one of the first to be granted a license to sell compulsory supplementary pension products under Romania's newly-created second pillar.
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News
UN warns of "destabilizing" effect of pension funds
[17:11 CEST 21-06] GLOBAL – The United Nations (UN) has voiced concern about the impact growing activity of institutional investors, such as pension funds, might have on economies.
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News
Portability seeks amendments after MEPs' 'OK'
[17:10 CEST 21-06] EUROPE – The European Parliament has approved a watered-down version of the portability directive but the paper will now go back to the Commission for more amendments in order to get the Council's approval.
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Investors forced to reveal intentions on Dutch stocks
[13:07 CEST 21-06] NETHERLANDS – Shareholders will in future have to announce when they hold 3% in a Dutch listed company, instead of the current 5%, and disclose why they are holding them, the Netherlands government has revealed.
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News
More schemes to join Unilever’s FCP fund
[16:58 CEST 20-06] GLOBAL – Anglo-Dutch household goods giant Unilever says more of its global pension funds will join its FCP fund, including its first defined contribution (DC) plan at the end of June.
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News
BVI warns CGT may hurt German competitiveness
[13:02 CEST 20-06] GERMANY – Fund industry association BVI has warned the competitiveness of Germany as a financial centre may suffer unless the government amends a planned capital gains tax (CGT) on funds.
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News
Ellison attacks 'destructive' CEIOPS
[10:54 CEST 20-06] EUROPE – Robin Ellison, the former chairman of the National Association of Pension Funds (NAPF), has accused the Committee of European Insurance and Pension Supervisors (CEIOPS) of operating as a cartel plotting against pan-European pensions.
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News
Swiss government approves pension funds oversight rules
[11:00 CEST 19-06] SWITZERLAND – The Swiss government has approved a draft law designed to improve pension regulation and tighten best practice standards for pension fund (Pensionskassen) managers.
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News
Legislative move set to boost Turkish pensions
[17:12 CEST 15-06] TURKEY – Turkey’s president Ahmet Necdet Sezer has approved a law which is expected to lead to a growth of the country’s private pensions sector.
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News
CEIOPS to study IORP interpretations
[17:01 CEST 15-06] EUROPE – The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) is investigating how many interpretations of the European Unions' IORP directive are likely to emerge.
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News
Countries to disclose pension liabilities
[16:44 CEST 14-06] EUROPE – Pension liabilities of EU governments could soon be disclosed in a supplementary table of the European System of National and Regional Accounts (ESA).
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News
Contribution cap set for NPSS
[16:43 CEST 14-06] UK – A maximum of £3,600 (€5331) can be contributed by to the UK's National Pension Savings Scheme (NPSS) bu an individual annually once launched in 2012, the government has announced today.
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News
Employer-guaranteed schemes decline hailed by Netspar
[12:58 CEST 14-06] GLOBAL – As fewer corporate sponsors guarantee pensions, employees are becoming less dependent and conflict of interest is reduced, Lans Bovenberg, director at the Dutch pension research institute Netspar, has suggested.
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Features
Reforming the UCITS reforms
The European Union’s UCITS legislation is a work in progress. Sophia Grene charts its development over the years
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Features
Mentioning the MiFID elephant
As the deadline for implementation looms, Sophia Grene assesses what MiFID is supposed to do and whether it will do it
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Features
A Hegelian view on fiduciary
Just what is the fiduciary concept supposed to do and how is it to do it? Anton van Nunen assesses a Dutch trend
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News
Raise retirement age to 67 - think tank
[16:46 CEST 13-06] NETHERLANDS - The Dutch government must actively approach the pensions crisis by raising the official retirement age from 65 to 67, the Council of Economic Advisers (REA) says.
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EU warns Italy TFR impact overestimated
[16:44 CEST 13-06] ITALY – Assets flowing into the newly-created INPS social security institute fund might not bring the expected relief to Italy's tight budget deficit situation, the European Commission has warned.
