Latest on Regulation & Reform – Page 450
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News
Curb pension funds’ hedge investment – Riksbank
SWEDEN – The Swedish central bank has suggested that pension funds’ hedge fund investments should be limited to protect pension savers’ investments.
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Features
Winds of change drive innovation
The last bear market, new accounting rules and demographics are causing major shifts in client behaviours, argues Amin Rajan in the first of three articles on a new study
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Features
One share, one vote
US research suggests that the one share, one vote principle could benefit corporate efficiency. Brussels is looking at the issue but will it take heed, asks Jeremy Woolf
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Features
Building up pensions or pulling them down?
Europe’s financial supervisory authorities are in an invidious position with regard to occupational pensions. They are damned if they do tighten up on regulation of pensions schemes and damned if they do not. The collapse of the equity markets early in the new century clearly called for some tough action by regulators, but was the action too tough?
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Features
Post-election pension blues
US pension fund industry players are bracing for the new Democratic Congress. Their lobbyists and attorneys had hoped to obtain some industry-friendly amendments to the new Pension Protection Act, signed last August by President George W Bush. But with the new Democratic majority in both the House and the Senate ...
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Features
A sure hand on the tiller
It says much about a person when a pensions regulator heads the poll for this Award. This is what Anne Maher, chief executive at the Pensions Board in Ireland, has done. In fact, the end of her stint at the board coincides exactly with the IPE Awards, making the presentation ...
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News
UK: actuarial liability disclosure “meaningless”
UK – The Pensions Regulator says 83% of respondents to a consultation reckon the inclusion of actuarial liabilities within pension funds’ financial statements would be meaningless and costly.
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News
IPE AWARDS: Panel hails CEE 2nd-pillar
EUROPE – Second-pillar pensions have taken firm root in the central- and eastern European (CEE) countries of Estonia and Hungary but play only a small role in Croatia and virtually none in the Czech Republic, according to a panel of CEE experts.
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News
IPE AWARDS: More needed for pan-European funds
EUROPE – European pension fund representatives told the sixth annual IPE Awards seminar that more will need to be done for pan-European pension funds and cross-border activities to "grow and blossom".
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Pension directive cases launched today (Update)
EUROPE – Cases against three European Union member states over the pension fund directive have been launched today at the European Court of Justice, Internal Markets Commissioner Charlie McCreevy told the annual IPE Awards (Updates with more detail.)
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News
Finland’s Filatov to chair portability meeting
EUROPE - Tarja Filatov, Finland’s Minister of Labour, is to chair a meeting of European ministers on Friday that will discuss the Commission’s proposed directive on pensions portability.
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News
Belgian firms facing DC “nightmare”
BELGIUM – Belgian companies operating defined contribution (DC) schemes could soon face a financial and human resources “nightmare” in managing their ageing workforces, pension consultants say.
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News
UK government publishes new Pensions Bill
UK – The UK government has published its long-trailed Pensions Bill, including provisions to set up a “delivery authority” for the proposed national pensions accounts system.
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Roche pension chief ‘in Swissfirst trade’ - paper
SWITZERLAND – The pension investment head for Swiss pharmaceuticals giant Roche personally profited from trading with shares of Swissfirst bank in September 2005, Swiss daily Blick reported today.
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News
Swedish blue-collar workers want white-collar pensions
SWEDEN – With the new collective DC scheme for Swedish white-collar workers set to come into effect in January, blue-collar workers are looking to get back to the negotiating table to get the same deal.
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News
Management accountants warn on LDI risk
UK – The Chartered Institute of Management Accountants has warned that adopting a Liability Driven Investing strategy could mean missing out on excess return.
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News
Dutch govt amends communication matrix
NETHERLANDS - Dutch Social Affairs minister Aart Jan de Geus has changed the indexation matrix of the new financial assessment framework FTK, in order to enhance the clarity on communication to participants in pension schemes.
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News
Belgium plans incentives for European schemes
BELGIUM – The Belgian government wants to attract large European pension funds through exemption from VAT and lower corporation tax, the country’s prime minister has said.
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Swiss institutional equity exposure hits new low
SWITZERLAND – Swiss institutional investors’ exposure to equities has declined to a new low, according to figures from the Swiss National Bank.
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News
Project to collate Dutch pension liabilities
NETHERLANDS – The Dutch trade association of private insurance companies and Statistics Netherlands (CBS) are to join forces to analyse Dutch pension liabilities.
