Latest on Regulation & Reform – Page 59
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NewsPension SuperFund Capital acquires STM group for £35.6m
Edi Truell believes ‘our track record and stewardship will enable us to provide increased security and value-for-money benefits to members, while also helping to deliver the upside that the Mansion House reforms intend’
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NewsESMA study fails to find a systematic greenium for sustainable bonds
EU supervisory body researchers say willingness to accept lower returns for ESG is limited
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NewsTransition Plan Taskforce unveils final climate transition guidance
There are now almost 50 taxonomies under development globally
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NewsSwiss pension fund industry slams regulator’s new definition of improved benefits
The Swiss Chamber of Pension Fund Experts (SKPE) has firmly rejected the proposed change because it is ‘too restrictive’
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NewsTELA sharply critical of Finnish pensions reform ‘stabiliser’
Finnish government gives stakeholders a year to come up with plan to make occupational pensions sustainable and €1bn a year cheaper
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NewsSwiss groups outline principles for new stewardship code
Investors can escalate their actions if engagement does not pay off, for example against a specific board member, presenting one or more nominations for board election, or divesting
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NewsDB schemes need integrated approach to sustainability reporting
Hymans Robertson suggests three initial actions pension schemes and other institutional investors should take for successful TNFD reporting
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NewsDWP reviews UK’s pensions regulator making 17 recommendations
But review also concludes that The Pensions Regulator is ‘well-run’ and ‘well-regarded’ by its main stakeholders
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NewsStakeholders propose flexible funding rules for German Pensionskassen
Proposal foresees temporary underfunding through so-called ‘standby agreement’ between the Pensionskasse and sponsoring companies
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NewsProposals for LGPS funds to invest 10% of assets in private equity ‘unhelpful’
Proposals would ‘fundamentally disrupt the good work’ since 2015 to achieve a balance between administering authorities and pool operators, says SPP
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NewsPension industry warns of unintended consequences of LGPS pooling proposal
Isio suggests pools should be reformed before pooling mandate is enforced
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NewsBaFin, Bundesbank tighten guidelines for banks’ investments in Spezialfonds
Credit institutions are expected to monitor individual positions in Spezialfonds exceeding certain thresholds
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NewsUK government consults on occupational and personal pension levy
DWP seeks the industry’s views on the three options previously agreed by ministers
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Opinion PiecesDoes the UK really need to consolidate thousands of DB schemes?
The UK’s so-called Mansion House Reforms are under way. This cluster of policies takes its name from the residence of the Lord Mayor of the City of London, which is the venue for a regular set-piece policy speech by British chancellors of the exchequer, the latest of whom is Jeremy Hunt.
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AnalysisUK pension industry reacts to government’s ambitious Mansion House Reform agenda
September saw the close of key pension reform consultations. Pamela Kokoszka and Liam Kennedy assess the proposals and some of the responses
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NewsAsset managers tread carefully following DWS’s fine by SEC
Industry focuses on prudent stance in light of greenwashing risks
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NewsInstitute highlights risks for DB funds in ‘productive finance’ investing
EDHEC Infrastructure & Private Assets Research Institute recommends The Pensions Regulator set up best practice rules
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NewsESMA focuses on digital change and green transition
In 2024, ESMA will develop rules for sustainable finance as part of the new European Green Bond Regulation
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NewsPRA launches consultation on Solvency II reforms
Proposed reforms are expected to improve insurers’ investment flexibility by enabling broader and quicker investments in their matching adjustment portfolios
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NewsExxonMobil Pension Plan gets first ever TPR fine on climate change reporting
In a response to the Regulator, the trustees assured TPR they ‘took their climate reporting obligations seriously and that their non-compliance was inadvertent’
