Latest on Regulation & Reform – Page 462
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Features
A rough ride on a roller coaster
Volatility will keep on haunting Turkish market participants. But while much of it may be imported, there are domestic factors that need to be brought under control
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Features
Banking sheds old habits
With a series of reforms, the banking system has been transformed from a liability into an asset of the Turkish economy. This has not only prepared the ground for a viable pension system but also sparked interest of foreign banks in the lucrative Turkish market
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News
KAS positions for pension pooling, directive
EUROPE – KAS Bank says it is well positioned for the burgeoning European asset pooling and pensions market.
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News
CEE: Exceptional growth
CENTRAL EUROPE - Central and Eastern Europe's second-pillar pension funds recorded exceptional year-on-year growth in 2005, well ahead of the rise in numbers of clients, despite their relatively conservative investment strategies. There have also been relatively few changes in the rankings compared with 2004. There were no changes in the ...
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News
Netherlands: Interesting times
NETHERLANDS - There's an old Chinese curse that says 'may you live in interesting times'. It might have been coined for the Dutch pensions industry. "All times are interesting, especially for Dutch pension funds," says Jeroen Steenvoorden, director of pension fund for self-employed medical specialists SPMS. "There is so much ...
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News
UK: General trend into bonds
UK - Recent years have seen a general trend within the UK pensions industry from equities into bonds, according to Joanne Segars, incoming chief executive at the National Association of Pension Funds (NAPF).
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Germany: Book reserves still common
GERMANY - Although there are five different ways of creating an occupational pension the most common, with more than 50% of all pension assets and totalling around €400bn, is still through the book reserves of the employer, according to Klaus Stiefermann, general manager of the Association of Company Pension Schemes ...
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News
Dutch pensions get pre-election respite
NETHERLANDS – Dutch politicians appear to be giving the pensions industry the respite from imposing further legislation that it had asked for said Benne van Popta, chairman of the industry-wide pension association VB.
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News
Polish pension supervisor KNUiFE to be dissolved (amended)
POLAND – Polish pension supervisor KNUiFE is to be dissolved under a disputed law which will see the three financial supervisory authorities merged into one.
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UK pension regulator finds governance failings
UK – The Pensions Regulator has found a “significant minority” of UK pension funds have shortcomings in important areas of good governance practice.
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News
New Swiss pension scandal emerges
SWITZERLAND – The Swiss pension industry – already reeling from the Swissfirst insider trading allegations – has been dealt another blow.
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News
Italy-Germany cross-border pension fund planned
EUROPE - PensPlan, the pension services provider of the semi-autonomous Trentino Alto Adige region in northern Italy, is planning to offer a cross-border fund in Germany under the pension directive.
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News
EU Parliament to study migrants’ pension rights
EUROPE – The European Parliament is to study ways for migrants to access their European pension rights when they return home.
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News
Dutch OPF wants one pensions supervisor
NETHERLANDS - The government should aim for only one pensions regulator instead of two, says the Foundation of Company Pension Funds, or OPF.
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News
German board to discuss IAS19 minimum funding
GERMANY – The German Accounting Standards Board (GASB) is to hold a public discussion following a draft report released in August discussing the IAS19 minimum funding problem.
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News
European construction pensions task force (amended)
EUROPE – The European Association of Paritarian Institutions has a task force looking at the impact of portable pensions on the construction sector (amends to clarify earlier article).
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News
Norway: new pension asset department launches
NORWAY – The Norwegian Ministry of Finance’s new asset management department overseeing the state pension funds launches this month.
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News
AEIP to celebrate 10th anniversary
EUROPE - AEIP, the European Association of Paritarian Institutions of Social Protection, is to celebrate its 10th anniversary under the patronage of José Manuel Barroso, President of the European Commission.
