Latest on Regulation & Reform – Page 6
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Opinion Pieces
Under the spotlight: US pension plans and their use of leverage
Does US public pension funds’ use of borrowed money and derivatives pose systemic risks to global financial markets? That is the concern of global regulators, which have recently stepped up scrutiny of the practice, according to a recent article in the Financial Times (FT). But senior executives interviewed by IPE seem less worried.
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Opinion Pieces
How effective is your shareholder voting strategy?
F Scott Fitzgerald famously wrote that “the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function”.
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Opinion Pieces
Pension funds’ FIDA problem must be solved
In June 2023, the European Commission put forward the Financial Data Access (FIDA) regulation, which is currently being discussed in the relevant Council working group and in the European Parliament’s Committee on Economic and Monetary Affairs (ECON).
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News
ShareAction calls on next UK government to reform fiduciary duty law for pension sector
Group calls on UK government for explicit redefinition of ‘best interests’ in law to reflect non-financial determinants of pension savers’ welfare
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News
German government to review investment rules for Pensionskassen
Government is drafting a law to allow Pensionskassen to achieve higher returns through their asset allocations
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News
UK Funding Code to come into effect at the end of September
The regulator will consult on its statement of strategy ‘in the next few weeks’, says Louise Davey
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News
German government to start talks on longer working life with social partners
The government has also abolished earning limits for employees who opt for early withdrawal of statutory pensions to keep older employees at work
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News
Failed vote on EU due diligence law risks ‘bolstering anti-ESG agenda’
Germany and Italy have been leading efforts to block the proposal
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News
Italy opens consultation on CSRD
Finance ministry and securities market regulator to assess market size of assurance services in transition to new regime
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News
EU delay of sector-specific sustainability standards draws mixed reactions
The delay will reduce clarity for companies and hinder meaningful progress, says law firm Frank Bold
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News
New European regulation for ESG ratings hailed as ‘quality booster’
The new regulation for ESG rating providers, approved by European Parliament last week, is expected to improve transparency and comparability of ESG ratings
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News
PKA censured after complaints over refusals to transfer pensions
PKA pledges to give better explanations when pension pots can’t be transferred
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News
UK pensions industry welcomes DWP plans for DB surplus extraction
DWP consults on plans to make DB surplus extraction easier and set up a public sector consolidator operated by PPF
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News
IG Metall backs moderate contributions increase as part of first pillar reform
The union is standing against the Aktienrente, in favour instead of a system based on ‘real solidarity’
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News
UK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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News
TPR urges pension trustees to take note of transition plan recommendations
TPR climate and sustainability lead says UK TPT recommendations can help advisers put together transition plans
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Analysis
Bank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
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News
VER private assets target unlikely to rise, says CEO
State Pension Fund of Finland grapples with investment strategy implications of new phase of higher outflows
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News
Swedish pension funds warn companies against digital-only AGMs
Alecta, AMF, AP funds say will vote down proposals to axe obligation to hold physical shareholder meetings
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News
Swiss actuaries back initiative to increase retirement age
The Renteninitiative, as it is called, was launched by the Young Liberals (Jungfreisinnige) to increase the retirement age of men and women to 66 years old