Latest on Regulation & Reform – Page 56
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NewsTELA warns pensions stabilisation system could mean end to defined benefit
Finnish government’s plans for pensions reform must be discussed well in advance, says lobby group
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NewsUK pensions industry expects reform updates following disappointing King’s speech
The chancellor should be ‘bold and creative’ about long-term policy, says Hymans Robertson
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NewsCushon becomes 11th signatory to Mansion House Compact
UK master trust Cushon is already targeting up to 6.75% in unlisted equities
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NewsNearly half of Danes want ATP to lose its monopoly, lobby argues
SME lobby publishes poll showing 44% of sample prefer to choose a provider for their mandatory ATP pension savings
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NewsSweden’s FSA reports individuals to police for corruption in Alecta/Heimstaden case
Alecta says own lawyers’ investigation into circumstances around the making off Heimstaden Bostad investment indicated violations of the law
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NewsDutch pension sector fears double-digit admin cost rise ahead of election
A further delay to the pension transition deadline, which has already been pushed forward several times, would indeed be ‘unavoidable’ if the new pension law is changed
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NewsGerman government drafts law to reform second pillar pension system
The 24-point draft law deals with the difficult topic of opening up the social partner model to third parties not bound by collective bargaining agreements
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Special ReportEuropean pension fund class actions take off on a steep learning curve
What positive developments can we report relating to class actions in UK and European pension funds? What regulatory challenges still need to be overcome to facilitate (for instance, simplify) the environment for class action by UK and European institutions? Where are the key gaps in knowledge among pension funds?
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Asset Class ReportsAI: Moving from innovation to early adoption
Generative artificial intelligence (AI) capable of generating text, images and even music has stepped into the limelight after decades in the making. It will eventually have an impact across most industries, comparable to the impact of the internet. But while the world may have reached an inflection point in the usage of generative AI, a lot needs to happen before companies are positioned to take full advantage of the developments in large language models (LLMs) such as ChatGPT.
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Country ReportFinland aims for pension stability
A pensions working group will investigate ways to improve the system to help strengthen the economy
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Opinion PiecesElection result is bad news for the pension sector
NSC, the new political party that made headlines in this publication with its controversial plan to block pension funds from converting DB pensions to DC without explicit consent from members, did not win the landslide victory that many pension executives feared. But they probably did not get a good night’s sleep anyway.
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NewsIndustry raises concerns over DWP’s UK general levy proposals
APPT believes removing £10,000 charge for smaller schemes would lead to higher standards of governance
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NewsUK government consults on pension fund clearing exemption
UK pension funds are currently exempt from the obligation to clear certain derivative contracts until June 2025
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AnalysisGermany battles to keep pension reforms on course
New law to replace 2018’s pension reform legislation amid disagreements over reform plans for all three pillars of the pension system
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NewsDutch pension funds fear ‘ill-fated idea’ to grandfather accruals
Agnes Joseph, the Dutch pension actuary turned politician, is facing stiff resitance from the pensions industry over her plan to change the new pension law
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NewsEFRAG and CDP join forces to boost uptake of European sustainability reporting standards
Collaboration aims to accelerate the implementation of ESRS and provide data to the market from next year
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NewsKing’s Speech fails to mention pension reforms
Speculation that the PPF could be used as a consolidator remains unaddressed, and this is now unlikely to be resolved for at least another 12 months, PMI says
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NewsUK pension funds could invest up to £1.2trn to tackle climate change
Today only £100bn of the UK pension industry’s assets are invested in UK climate solutions such as offshore wind, solar and energy-efficient housing
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NewsSwiss groups slam government’s decision to increase minimum interest rate
The Swiss Employers’ Association considers the increase unjustified and says minimum interest rate should have been well below the limit of 1%
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NewsCost branded the biggest challenge to boosting investment in UK growth
Private market investments are more expensive to operate, more expensive to source and more expensive to run, says LGIM
