Latest on Regulation & Reform – Page 440
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Features
Smooth progress for UCITs programme
As investors are faced with an increasingly pan-European market for pensions investment, UCITS III aims to make cross-border co-operation between funds simpler. Jeremy Woolfe reports
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News
Regulators tells trustees to up their ante in LBOs
UK – The Pensions Regulator today warned pension scheme trustees they must scrutinise more closely employer covenant changes in cases of corporate transactions such as buyouts.
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Features
Need for pensions wake-up call
Both politicians and trades unions are concerned about pensions in Austria. Barbara Ottawa talks to some of the movers and shakers
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Features
Looking at alternatives and regulation
We asked three German pension funds to explain some of the important issues and challenges currently facing their investment strategies
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News
Holland “will work until 65” - Ministry
NETHERLANDS - Employees are increasingly prepared to keep on working until the official retirement age of 65, the Dutch ministry of Social Affairs has announced.
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News
First licence for second pillar filed
ROMANIA – ING's Romanian pension fund Fond de Pensii was the first to file for a licence for second pillar pension provision which is expected to be open for business early next year.
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News
Five-fold increase in PPF levy
UK - The average UK pension schemes could see their annual Pension Protection Fund (PPF) levy at least double compared with last year while some schemes will see it rise five times higher than in 2006.
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Features
The big shake-up
Following a vote in July 2006 by the International Accounting Standards Board to embark on a two-phase project to improve its IAS19 pensions accounting standard, Stephen Bouvier rounds up the developments to date
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Features
AFM makes the right connections
One of the key tasks of the new financial markets regulator is to oversee the communication of information about indexation to pension fund members. Leen Preesman asks AFM’s managing director Gerald Santing about the level of supervision pension funds and insurers can expect
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News
Report suggests indexation disclosure
NETHERLANDS – Pension funds should be obliged to disclose their approach to indexation, a report for the Dutch pension institute Netspar finds.
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News
Greek pension fund seeks day in court
GREECE – The Greek civil servants pension fund TEADY is seeking compensation through the courts from the broker which recommended the purchase of an overpriced bond.
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News
Liechtenstein wants to join IOPS
LIECHTENSTEIN – The Financial Market Authority in Liechtenstein wants to become part of the International Organisation of Pension Supervisors (IOPS).
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News
Cayman unwilling to raise regulation
CAYMAN ISLANDS – The registered home to 80% of the world’s hedge funds has reaffirmed its unwillingness to introduce stricter regulations on these products.
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News
Greece bows to ILO pressure over bank benefits
GREECE – The Greek government has invited union leaders to a meeting on the issue of 13 dissolved supplementary pension schemes of Greek banks following a reprimand from the International Labour Organisation (ILO).
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News
Germany revamps investment law
GERMANY – The government has approved a host of reforms of Germany’s investment law, including easing investment restrictions on open-ended real estate funds and institutional funds and cutting approval periods for new funds.
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News
New ECJ occupational pensions ruling due
SPAIN – A European Court of Justice (ECJ) ruling on a Spanish legal challenge that could affect occupational pension schemes is expected to be made in August.
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News
Scheme executives lack confidence in DC - SEI
UK – Over one-third of company executives are not sure the DC plans they operate will provide an adequate retirement to members, according to research from SEI.
