Latest on Regulation & Reform – Page 458
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News
Germany may ease hedge fund requirement
GERMANY – To boost German hedge funds, the government will likely end a Depotbank requirement for the funds, permit them to invest in property and ease investment restrictions on institutions, according to industry players.
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Insurers get leeway in Dutch Pensions Act
NETHERLANDS - Insurers will get extra leeway in implementing the new Pensions Act, Social Affairs minister Aart Jan de Geus has said.
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Pension Protection Fund seeks actuary
UK – The Pension Protection Fund is looking to recruit an actuary as well as six other posts, according to the PPF website.
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PGGM mulls new structure to take on insurers
NETHERLANDS - Dutch health care pension fund PGGM is considering restructuring to take on insurance industry competitors, according to reports.
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Portugal agrees pension reform
PORTUGAL – Portuguese state pensions are going to be indexed to the country’s economic performance and life expectancy under new reform plans.
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Siemens' Swiss pension manager released
SWTIZERLAND – Roland Rümmeli, the head of investments at Siemens Pensionskasse who was detained last month in connection with the Swissfirst affair, has been set free by authorities in Zurich.
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Which London fund sues BP?
UK – Confusion about exactly which London pension fund is taking oil giant BP to court over alleged negligence has, hopefully, been cleared up.
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Dutch FTK prompts investment changes – survey
NETHERLANDS – The new Financial Assessment Framework for Dutch pension funds, or FTK, has prompted changes in funds’ investment policy, a new survey has found.
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Commission plans more legal action on IORP
EUROPE – The European Commission is likely to take more legal action against member states over the implementation of the European directive on occupational pension funds, a top official has said.
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OECD sees “vicious circle” of pension bond demand
GLOBAL – The Organisation for Economic Cooperation and Development says new accounting standards may have set up a “vicious circle” of bond demand from pension funds.
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UK’s PPF outlines investment principles
UK – The UK’s Pension Protection Fund has outlined its investment principles, highlighting a diversified, liability-driven approach with derivatives.
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New FTK parameters to hit premiums, expert says
NETHERLANDS - The new parameters for the financial assessment framework FTK, announced last week by De Nederlandsche Bank, could lead to up to a 6% increase in pension contributions, says pensions professor Guus Boender.
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Germany considers private equity crackdown
GERMANY – The German government is considering penalising private equity firms which it believes serve little or no macroeconomic purpose as part of an upcoming private equity law, according to deputy finance minister Barbara Hendricks.
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Liechtenstein ends civil service scheme payments
LIECHTENSTEIN – Liechtenstein’s civil service pension scheme will no longer receive top-up payments out of the state budget, under new proposals.
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DNB amends FTK parameters
NETHERLANDS – The Dutch pension regulator De Nederlandsche Bank has released new recommendations about the parameters for the new Financial Assessment Framework, or Financieel Toezichtskader (FTK), for pension funds.
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IMF queries quality of pension supervisors
GLOBAL – The International Monetary Fund has queried whether international pension supervisors pay enough to attract the best people.
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ECB hikes rates, cites pensions
EUROPE – The European Central Bank raised its key interest rates today, saying it did so in part to create stable conditions for pension reform amid population ageing.
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Hedge funds past their peak, says UK’s Field
UK – Former UK pensions minister Frank Field reckons the best days of hedge funds are over.
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Features
One industry, two standards
Machiel Hoek and Hans Grönloh are striving for convergence on accounting standards to boost the real estate sector
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ABP’s CFO critical of UK pension system
EUROPE - Dick Sluimers, chief financial officer at Stichting Pensioenfonds ABP, has criticised the UK pension system.
