Latest on Regulation & Reform – Page 51
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NewsAuto-enrolment changes could add £105bn to young adults’ pensions
People’s Partnership has called for cross-party agreement with the support of key unions and trade bodies, on a timeline for implementing auto-enrolment reforms
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NewsIG Metall Baden-Württemberg regrets rejection of social partner model
Roman Zitzelsberger, head of the union for the metal and electrical industry, announced his departure
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NewsQuarter of UK schemes yet to start General Code preparations
The Pensions Regulator’s General Code has been laid before parliament earlier this month and is expected to come into effect at the end of March
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NewsPwC finds limited ManCo compliance with SFDR PAI rules
Also, 39.1% of surveyed firms said they did not consider ‘principal adverse impacts’ of their investment decisions
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NewsIndustry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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FeaturesMiFID II reforms: Bye bye unbundling?
A key part of the 2018 MiFID II package, the requirement to unbundle research from execution costs shook up the European asset management industry and changed the relationship between investment managers and their clients.
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Opinion PiecesOpponents of Dutch pension reform can’t agree
The Dutch parliamentary elections of 22 November not only resulted in a historic victory for Geert Wilders. The record loss of the governing coalition also meant the new Pension Act no longer has majority support in parliament.
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Opinion PiecesMansion House reforms: UK government should embrace long-term thinking to boost the economy
Other countries have been far better than the UK at creating long-term strategies that have been maintained way beyond the five-year or shorter electoral timescales on which UK politicians focus
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NewsDutch schemes remaining in DB required to explain decision, says regulator
According to DNB, pension funds risk going along too easily with employer demands to retain a DB arrangement and close for new accruals
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NewsDutch pension funds well prepared for liquidity crunch, say regulators
The switch to obligatory central clearing will increase liquidity needs while the transition to DC will likely have the reverse effect, according to regulators DNB and AFM
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NewsDWP regulation is ‘starting gun’ for new DB funding regime
Final set of regulations provide greater flexibility for mature schemes to diversify investments in a wide range of assets without constraints, says PLSA
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NewsUK government confirms final DB scheme funding regulations
The regulations are set to come into force from April 2024
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NewsGerman government drafts rule for mandatory connection to pension dashboard
Pension funds will have to design a functioning interface for data exchange by 30 September
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NewsDutch funds fail to meet promise to implement OECD Guidelines
Only five out of 75 pension funds in the Netherlands have fully implemented a 2018 agreement to do so
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NewsKeva fined for failing to make sure derivatives contracts were reported
CEO of Finland’s largest pension fund says Keva suffered no financial damage from the issues
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NewsTransition Plan Taskforce extends mandate to ensure high-integrity transition finance goals
TPT’s newly-launched review will consider what the UK needs to do to become a leading hub for transition financial services
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NewsTPR publishes private markets guidance for trustees
TPR says trustees who do not have skills or resource to explore diversified portfolios should consider changing governance model or consolidating
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NewsUK pensions industry raises concerns over ‘Pot for Life’ proposals
LCP said the proposal represents a ‘major distraction’ from more urgent initiatives
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NewsWhat the EU’s new due diligence law means for investors
CS3D will affect investors in several ways even though they will not, at least initially, face due diligence requirements on financial assets
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NewsGerman government to kickstart first pillar equity fund with €12bn
Parliament will make a final decision on the 2024 budget at the beginning of February
