Latest on Regulation & Reform – Page 64
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NewsIOSCO endorses ISSB standards
The organisation is calling on its 130 member jurisdictions to consider ways in which they might adopt, apply or otherwise be informed by the ISSB standards
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NewsLower indexation in new Dutch DC system, finds Aegon AM
Pensioners would have received between 1.5% and 3.6% in indexation in 2023 if the new DC system had already been in place, says the asset manager
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AnalysisAnalysis: Refreshed Solvency II reform aims to boost green transition
Insurance companies should draw up plans to address the risks caused by the transition to a climate neutral economy
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NewsUK master trusts expected to be slashed to 10 amid market consolidation
Recent master trust acquisitions include National Pension Trust by SEI, and of Evolve Pensions by Smart Pension
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NewsCDP warns of regulatory fragmentation on ESG ratings
Regulatory fragmentation hinders cross border activities, according to CDP, creating confusion among market players
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AnalysisAnalysis: Will German government backtrack on public fund for third pillar pensions?
Stakeholders proposing reforms show little appetite for plan laid out by coalition partners
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NewsGerman stakeholders group issues recommendations for third pillar reform
Recommendations include offering third pillar products with subsidies targeting particularly lower income groups, young people, parents of children, and young adults in training
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NewsEuropean Commission at risk of losing leadership role on sustainable finance
There is high-level political pressure on Commission president Ursula von der Leyen to further hollow out the standards
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NewsKey players welcome release of IFRS S1, S2 sustainability standards
The knotty issue of materiality remains, however, a key issue in the ongoing discussion around the new standards
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NewsProposals to boost investment in UK growth should not be rushed
It is important that the government seeks a range of views through an extended consultation process, says XPS
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NewsLGPS funds should retain autonomy over asset allocation, says pensions industry
External directives ‘may backfire’ and lead to ‘poorer outcomes’ for scheme members and sponsoring employees, says Hymans Robertson
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NewsRegulator allows Dutch pension funds to split DC transition into three parts
The plan should give pension schemes time to make adjustments on the basis of DNB’s findings, should this be necessary, says Cindy van Oorschot
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NewsFinancial Stability Board asks ISSB to take over TCFD monitoring role
The move ‘provides yet further clarification of the so-called ‘alphabet soup’ of ESG initiatives for companies and investors’, says ISSB chair Emmanuel Faber
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NewsNBIM asks for change to European green reporting standards on materiality
As European Commission’s consultation on draft European Sustainability Reporting Standards closes, Norway’s SWF manager says companies should be made to say why topics are not material
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NewsBelgian government reaches deal on first-pillar pension reform
The agreement, which is to represent 0.5% of GDP in long-term savings compared to a pension deal reached last year, is supposed to safeguard a €847m cheque from the EU’s Covid Recovery Fund
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NewsChancellor reveals plans to boost pension investments in UK growth
Plus: DC pension schemes sign up to Mansion House Compact
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NewsDWP and Treasury consult on trustee skills, capability and culture
’The main concern seems to be the ability of trustees to make investment decisions but the review may also have wider benefits,’ says Hymans Robertson
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NewsSwedish funds lobby slams FTN’s first tender as unfair to smaller bidders
Several key views aired in consultation were not acted on, says Fondbolagens förening
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NewsDutch pension sector asks European Commission to reconsider CSRD proposal
The Pensioenfederatie and pension asset managers APG, PGGM and MN have sent a letter to Ursula von der Leyen saying they are “very concerned” that the proposal will lead to the unavailability of sustainability data for pension funds
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NewsABP postpones DC transition to 2027
The news comes shortly after pensions minister Carola Schouten moved the final date for pension funds to introduce DC arrangements to 1 January 2028
