Latest on Regulation & Reform – Page 488
-
News
Fund-of-hedge-funds ‘worst for seven years’
GLOBAL – Fund-of-hedge fund managers are suffering the worst market conditions for seven years, according to Standard & Poor’s.
-
News
CEIOPS gets closer to sister committees
EUROPE – The European pension supervisory committee CEIOPS is getting closer to its sister banking and securities committees with the signing of a memorandum of understanding.
-
News
NAPF chairman rounds on MPs
UK – Robin Ellison, the chairman of the National Association of Pension Funds, has lambasted MPs as part of a wide-ranging critique of the UK’s pension policy apparatus.
-
News
Belgium defies unions and raises retirement age
BELGIUM - Belgium has decided to increase the minimum age for retirement from 58 to 60, in line with recommendations from the European Commission – despite trade union concern.
-
News
ABP unlikely to go cross-border – Maassen
EUROPE – Dutch civil service scheme Stichting Pensioenfonds ABP is unlikely to move from the Netherlands despite the new pensions directive, says the fund’s pensions director Jaap Maassen.
-
News
UK miners’ schemes in governance move
UK – The Mineworkers’ Pension Scheme and British Coal Staff Superannuation Scheme have beefed up their governance framework via the web – a growing trend due to stringent regulations.
-
News
Hermes expects to raise hedge allocation
UK – Hermes Pension Management – the asset manager of British Telecom’s £50bn (€74.2bn) pension scheme - today said it expects to increase its hedge fund allocation from 2% over the next few years.
-
News
CEIOPS facing EU finance ministers’ scrutiny
EUROPE – CEIOPS, the European pensions supervisory committee, is facing scrutiny from European Union finance ministers this week.
-
News
Dutch pension governance code leaked
NETHERLANDS - Dutch pension funds will be allowed to appoint supervisors themselves under new governance rules, according to Het Financieele Dagblad.
-
News
Belgian unions strike over retirement age
BELGIUM - One of Belgium's largest trade unions caused chaos in the nation’s capital on Friday by striking over government plans to push back the retirement age from 58 to 60, as a way of easing the pension burden in the country.
-
News
COMMENT: For FTK read PVK
COMMENTARY - The Dutch authorities’ decision last month to delay the FTK for pension funds by a year, while broadly expected, was still significant.
-
News
Netherlands’ Akkermans boosts pension team
NETHERLANDS - Dutch consultancy Akkermans & Partners has hired Rob Simon as director of its new pension communication service, it said.
-
News
E.ON reviewing investment consultant FERI
GERMANY – Watson Wyatt has confirmed that it and rival consulting firm FERI are both vying to advise energy giant E.ON on the creation of an external fund for up to €5.4bn in pension liabilities.
-
News
Sweden consults on traffic-light pension model
SWEDEN – The Swedish financial regulator has launched a consultation on a proposal to identify possible problems at occupational pension funds and life companies using the so-called traffic-light model.
-
News
Dutch insurers in spat with ABP, PGGM - paper
NETHERLANDS – Dutch insurers have accused the two largest pension funds ABP and PGGM of unfairly using their positions to actively market ‘levensloop’, or life-course, products to their members.
-
News
Mercer embroiled in Austrian pension row
AUSTRIA – A row has broken out between Austria’s Financial Markets Authority and consulting firm Mercer over the implementation of the EU occupational pension directive.
-
News
CEIOPS re-drafts pension supervision protocol
EUROPE – CEIOPS, the European pension supervisory committee, has amended a draft protocol on supervisory cooperation following criticism from the European Federation for Retirement Provision in particular.
-
News
Dutch SCGOP changes name and chairman
NETHERLANDS – The Dutch Foundation of Corporate Governance Research for Pension Funds, or SCGOP, has changed its name and plans to widen its membership.
-
News
EU mulls action over pension directive
EUROPE – The European Commission is considering taking action against member states over the transposition of the new directive on occupational pensions.
-
News
IPE-QUEST: Danish manager tenders high yield
DENMARK - Kirstein Finans has tendered an initial $100m in global high yield bonds on behalf of a Danish asset manager via IPE-Quest.
