Latest on Regulation & Reform – Page 491
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Watson, Mercer, Hewitt have UK “stranglehold”
UK – New research claims the “big three” firms – Watson Wyatt, Mercer and Hewitt - dominate the UK corporate pension consulting market.
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PGGM’s levensloop arm in outsourcing move
NETHERLANDS – PGGM’s new pension fund subsidiary Careon Levensloop has finalised a seven-year outsourcing contract with KAS Bank and Ordina.
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We need to rethink pensions – EU’s Spidla
EUROPE – Vladimir Spidla, the European Union’s employment and social affairs commissioner, has called for a rethink of pension schemes and retirement – adding that early retirement is a shortsighted answer.
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UK pension regulator finds “very poor” standards
UK – The Pensions Regulator has surveyed occupational pension schemes in the UK and found a lot of scope for raising standards – with often very poor standards seen in defined contribution.
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Features
Risk moves centre stage
The UCITS III Directive has set Europe’s cats among the pigeons and has far reaching consequences for all institutional investors as regulators and investment manager trade organisations consider its impact on the broader issues of appropriate, and best, practice. This is none truer than in the field of risk management ...
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Features
Pooling - waiting for the waters to stir
The Ashmolean Museum in Oxford owns an antique violin called the Messiah. It was made by Stradivarius in 1716 and remained in his family workshop until 1775 when it was sold by his son, Paolo, to an Italian dealer. From there, it passed to a collector, Luigi Tarsio, who used ...
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Dutch regulations boost pension outsourcing
NETHERLANDS – Complicated pensions regulations have made direct pensions outsourcing “almost unavoidable”, according to the 100 delegates at a debate regarding the future of outsourcing.
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Barclays nabs PSolve’s Orpin for UK pensions
UK – Barclays Capital says it has hired Gavin Orpin from PSolve Asset Solutions for its UK Pensions Solutions team.
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Foreign managers gain in Dutch pension market
NETHERLANDS - Foreign asset managers have gained in the €528bn Dutch pensions market, according to consulting firm Bureau Bosch.
