Latest on Regulation & Reform – Page 443
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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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Features
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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Features
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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Features
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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Features
Counting the cost
The government may have saddled itself with greater pensions liabilities than it thinks, writes Nick Silver
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Features
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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Features
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 ...
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News
Dutch schemes not set to move abroad soon - minister
NETHERLANDS - Regional differences in pension supervision should not encourage Dutch schemes to move to other EU countries soon, according to social affairs’ minister Piet Hein Donner.
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News
CEIOPS details 48 cross-border plans
EUROPE - In the 15 months between the implementation of the EU pensions directive and the beginning of this year nine cross-border pension arrangements were concluded, according to the Committee of European Insurance and Occupational Pension Supervisors (CEIOPS).
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Call for further Lithuanian reform
LITHUANIA – The level of contributions going into Lithuanian second pillar pension funds should be raised to 10% of salary from the current 5.5%, a conference was told earlier this week.
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News
Dutch court bans DSM loyalty bonus
NETHERLANDS – A Dutch court has barred chemicals group Royal DSM from implementing its loyalty dividend.
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News
New pan-European vehicle proposed
NETHERLANDS - Dutch pension schemes could reform themselves to become Europe-wide financial services providers, according to government-sponsored research.
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News
Cypriot system unsustainable - Sarris
CYPRUS – Civil servants will have to contribute to their pension fund in order to prevent a collapse of the system, according to the island’s finance minister.
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News
Iceland adopts IORP directive
ICELAND – With Iceland’s parliament voting in favour of the European pension fund directive (IORP), all members of the European Economic Area (EEA), which are not EU-member states have now put the directive in place.
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News
Belgium vets foreign applications as Dutch get twitchy
BELGIUM - The Belgian pensions supervisor CBFA is vetting the applications of five foreign pension funds which want to establish themselves in Belgium, the watchdog indicated.
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News
IMF tells Poles to go through with privatisation
POLAND – The International Monetary Fund (IMF) has urged Poland to follow through with scheduled privatisation plans.
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News
Greek civil servant fund’s head resigns over bond row
GREECE - The president of the Greek Civil Servants Auxiliary Fund (TEADY), Agapios Simeoforidis, has resigned following bond-overpricing allegations.
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News
Bundestag passes G-REITs bill
REAL ESTATE – Germany’s lower house of parliament, the Bundestag, has approved draft law legalising German real estate investments trusts (G-REITs) retroactively from 1 January.
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News
Pensionskassen head criticises BaFin regulation
GERMANY – The current regulation of Pensionskassen is suppressing returns and making diversification difficult, according to Rainer Jakubowski, chief executive of €18bn Pensionskasse BVV.
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News
Norway agrees pension reforms compromise
NORWAY – Norway’s coalition government has agreed a compromise over pension reforms that will restore tax breaks on investment in individual pension plans.
