Latest on Regulation & Reform – Page 461
-
News
Bosch CFO mulls pan-European pension fund
GERMANY – Gerhard Kümmel, chief financial officer of German auto component maker Robert Bosch, has signalled the firm may create a pan-European pension fund out of its existing German Pensionsfonds.
-
News
Dutch institutions enter hedge fund debate
NETHERLANDS – Dutch institutional investor organisation Eumedion, representing some €800bn of assets, has demanded that Stork’s majority shareholders and activist hedge funds Centaurus and Paulson take a clear position on the Dutch industrial group.
-
News
Netherlands sticks with two pension regulators
NETHERLANDS – The Dutch pension system will still be supervised by De Nederlansche Bank (DNB) and the Autoriteit Financiële Markten (AFM), according to the government.
-
News
Pension statements could shock – Mercer
UK - Occupational pension scheme members could be in for a shock when they receive statements explaining the funding position of their scheme this week, says Mercer Human Resource Consulting.
-
News
BaFin chief Sanio under scrutiny in fraud probe
GERMANY – Jochen Sanio, president of German financial services regulator BaFin, could be forced to step down following a report by the auditor PWC that found instances of fraud and gross mismanagement at the regulator.
-
News
Germany: Watson welcomes BVI’s scrutiny
GERMANY – International consultant Watson Wyatt has broken ranks with its peers by welcoming a questionnaire from German fund industry association BVI.
-
News
PPF seeking rule change on insured liabilities
UK – The Pension Protection Fund is seeking a change in legislation to ease difficulties with insured liabilities and valuations.
-
News
ECB’s Trichet says contributions could double
EUROPE – European Central Bank president Jean-Claude Trichet has warned that pension contributions could double without further reforms.
-
News
ABP taken to court over age discrimination
NETHERLANDS – The new Dutch Alternative Labour Union (AVV) says it has taken giant pension fund ABP to court over age discrimination in the pre-pension for government employees.
-
News
UK national scheme seen impacting trustees
UK – Plans to introduce a national pensions savings scheme could have knock-on effects for existing pension fund trustees, a conference was told today.
-
News
PPF appoints three consultants for levy calculation
UK – The Pension Protection Fund has appointed Barrie and Hibbert Ltd, Moody’s KMV and Credit Suisse Securities (Europe) to provide analysis for levy calculations.
-
News
Swiss pension fund interest rate stays 2.5%
SWITZERLAND – The Swiss parliament has decided to leave the minimum interest rate for occupational pension funds at 2.5%.
-
News
Quality control and search engine for Dutch schemes
THE NETHERLANDS - Dutch political parties are proposing to put into place a quality control certification for all Dutch pension funds. If implemented, contributors and pensioners will have the option to find out the current financial situation of their pension fund, its quality control and overall performance.
-
News
UK PPF to review levy calculation for 2008/9
UK – The Pension Protection Fund says it plans a “full review” of how it calculates the levy it charges pension schemes for the 2008/9 levy year.
-
News
NAPF changes stance on pension accounts
UK - The National Association of Pension Funds, under new chief executive Joanne Segars, has changed its mind on plans to introduce individual pension accounts by 2012.
-
News
PGGM may separate asset management and admin
NETHERLANDS – Dutch healthcare pension fund PGGM has confirmed it is discussing separating its asset management and administration from the actual pension fund, and to house both within a cooperative.
-
News
Siemens Swiss pension fund manager arrested
SWITZERLAND – Roland Rümmeli, portfolio manager of the CHF1.7bn (€1.1bn) Siemens Switzerland pension fund, is being held in custody following his arrest in connection with investigations into the Swissfirst scandal on Friday. He was also suspended by the Siemens AG.
-
News
Dutch regulator optimistic on pensions
THE NETHERLANDS - The present position of the Dutch pension funds is reason for cautious optimism, said Dirk Witteveen, director pensions of regulator De Nederlandsche Bank (DnB).
-
News
Planned Hungarian first pillar reforms "insufficient"
HUNGARY - The Hungarian first pillar requires radical "paradigmatic" reform, according to Lajos Bokros, CEO and professor of economics and public policy at the Central European University in Budapest.
-
News
Swedes and Dutch scrutinise private equity funds’ role
EUROPE – A week before general elections, the Swedish government has raised concerns about private equity fund Cevian’s investment approach in Volvo.
