Latest on Regulation & Reform – Page 65
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NewsEFAMA calls for consistency in response to ESAs SFDR consultation
The association ‘fails to see’ the added value of expanding disclosures on the ‘do no significant harm’ assessment of sustainable investments
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NewsBaFin deploys full range of regulatory tools to fight greenwashing
The regulator’s efforts are currently focusing on the ‘environmental’ aspect of ESG, and particularly on climate change
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NewsRapporteur drafts compromise package to review Solvency II
The ‘right level of regulation’ is needed, says Markus Ferber
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NewsDutch lump sum option postponed for fourth time
Pensioners will now get the option to take a lump sum of up to 10% of their retirement pot as of 1 July 2024 at the earliest, six months later than planned
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NewsDanish FSA raps ATP and other pension funds over alternatives valuation
Pension firms must ensure necessary value adjustments take place sufficiently quickly and frequently, says FSA
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NewsWTW recommends policy changes to fuel UK economic growth
Plus: ABI calls on industry to put savers at the heart of plans to boost pension investment
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Country ReportCountry report – Pensions in Italy (July/August 2023)
Italian second-pillar occupational pension funds continue on their path to diversification. Owing to the higher yields on offer in traditional fixed income markets, allocations to private markets may slow down temporarily, but funds have made long-term strategic commitments. A variety of industry initiatives is facilitating investment in private equity, private debt and infrastructure. Meanwhile, some pension funds are consolidating their private markets portfolios.
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Opinion PiecesLessons learned from Berlusconi’s pension reforms
To some, the death of Silvio Berlusconi on 12 June this year, is the end of an era for Italian politics. Berlusconi was the longest-serving prime minister in the history of the republic and a highly controversial figure, at home and abroad. He can be described as the first modern European populist leader.
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Country ReportItaly: Pension funds face SFDR test
A significant number of pension funds have classified their portfolios under the EU’s flagship sustainability disclosure regulation
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NewsDanish FSA warns spread of non-guaranteed pensions could undermine trust
Financial watchdog said danger that customers will lose confidence ‘particularly relevant’ after 2022’s big market losses
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NewsNBIM warns FCA reforms could harm UK’s corporate governance reputation
Norwegian SWF manager says UK watchdog’s proposals could result in weaker investor protection
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NewsUK pension funds tell FCA to put the brakes on UK listing regime reforms
’As they are set, the current proposals may not result in more companies listing, but will reduce the standards expected of existing companies,’ says PLSA
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NewsIndustry leaders show support for ISSB standards
The ISSB standards are a significant step forward in the development of global sustainability reporting standards
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NewsSwiss pension funds association backs second pillar reform
ASIP has been involved in the legislative process, considering the reform of the second pillar ‘necessary and urgent’
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NewsTPR’s new general code to improve outcomes for members
The new code will introduce new pension scheme governance responsibilities
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NewsISSB releases ‘robust’ inaugural sustainability reporting standards
The standards ‘have been designed to help companies tell their sustainability story in a robust, comparable and verifiable manner,’ says ISSB chair
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NewsFrench regulator questions managers’ approach to ESG data providers
Plus: New biodiversity credits initiative between UK and France
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NewsIOSCO calls on regulatory cooperation to allow innovation
‘Globally we do not have a strong model of how to encourage innovation in a highly regulated sector like finance,’ says IOSCO
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NewsDutch DC pension accruals ‘relatively low’, says regulator
Some 65% of workers in DC plans have pension contributions of 10% or less of pensionable salaries
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NewsEIOPA says national supervisors need more data on liquidity risks
European pension funds, insurers holding up well despite higher stability risks, says latest risk report from EU pension and insurance watchdog
