Latest on Regulation & Reform – Page 440
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News
Dutch to examine Belgian pensions legislation
NETHERLANDS – Dutch social affairs minister Piet Hein Donner says he will examine the implications of Dutch pensions funds moving to Belgium.
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Germans too conservative in pensions - Mössle
GERMANY – Fidelity’s head of German institutional business has warned that Germans face an income drop of nearly half in retirement.
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Greek bank sets up Turkish pension firm
GREECE - The National Bank of Greece (NBG) is establishing a pension insurance company in Turkey through its majority ownership at Turkey’s Finansbank.
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ABP rejects proposed pan-European vehicle
NETHERLANDS – Dutch pension giant ABP, at €211bn Europe’s largest pension fund, has said the government’s proposed new pension framework is “no attractive alternative”.
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UK's PPF recruiting investment chief
UK - The Pension Protection Fund is looking to recruit a chief investment officer, a new role.
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UK’s PPF appoints pool of legal advisers
UK – The Pension Protection Fund has appointed 27 law firms to provide legal advisory services.
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Pension impact in TNT job cull
NETHERLANDS – TNT Post, the Dutch postal service company, has announced possible changes to its pension scheme amid a cull of around 7,000 of its total 58,000 jobs.
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Belgian builders appoint Hewitt
BELGIUM – Belgian industry-wide construction workers’ scheme PensioB has appointed Hewitt Associates to design a tailor-made pension administration tool.
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Philips sets up Luxembourg pan-European scheme
LUXEMBOURG – Electronics giant Philips has set up a Luxembourg-based pan-European pension fund in accordance with the IORP directive on occupational pension funds.
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AZL facing court action from Dutch miners
NETHERLANDS – Dutch mineworkers are preparing legal action against pensions provider AZL in a dispute over payouts.
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UK’s NAPF responds as pensions tax row escalates
UK – The National Association of Pension Funds has responded to what has become a major political row over the government’s decision a decade ago to remove Advanced Corporation Tax Relief from pension funds.
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Finland drafting new pensions regulations
FINLAND – The Finnish ministry of social affairs and health is drafting a new set of regulations for the country’s pensions sector and will publish a timetable of the reform process later in April, IPE has learnt.
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Troubled Greek scheme gets new head
GREECE – Andreas Kintis has been appointed as the chairman of the Greek Civil Servants’ Auxiliary Fund (TEADY), following his predecessor’s forced resignation over bond-overpricing allegations.
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Features
PERE and PERCO funds on growth path
There are reasons to be optimistic about the French DC market. Jean Kimmel looks at developments since the Loi Fillon pensions reform three years ago
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Solvency II causing consternation
Imposition of the proposed Solvency II rules would force pension funds to shun riskier assets. Rachel Fixsen polls three schemes
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IORP opens door but demand is key
France’s implementation of the IORP directive last year has not spurred new schemes or trends so far. Denis Campana looks at the many issues that need resolving
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Next steps for IAS19
The IFRIC is charged with interpreting accounting standards such as IAS19. Stephen Bouvier examines its current project on the interplay between the asset ceiling and minimum funding requirements
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Counting the cost
The government may have saddled itself with greater pensions liabilities than it thinks, writes Nick Silver
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Swiss moves to tighten regulation
Better late than never. After months of scandals involving Swiss pension funds, the Berne government has finally woken up. This summer it plans to unveil legislation to improve regulation and corporate governance of Pensionskassen.
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CEEC forum aims to promote dialogue
The European Federation for Retirement Provision (EFRP) launched a Central & Eastern European Forum (CEEC Forum) at a meeting in Bratislava, Slovakia, on 7 March. The forum is designed to bring together representatives from existing EFRP members from the pre-eastward enlargement EU and from private pension institutions operating the mandatory ...
