Latest on Regulation & Reform – Page 67
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NewsDACH roundup: City of Zurich Pensionskasse bumps up alternatives
Plus: Swiss association on investments in reform process; Austrian pension funds see AUM shoot up; German Spezialfonds add green assets;
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NewsExperts ‘very concerned’ about EU row-back in proposed CSRD standards
Leaving entities free to choose which areas were material before disclosing ‘allows companies to leave out entire parts of the sustainability disclosures’, says Eurosif
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NewsPensions industry calls on regulators to ‘materialise’ revised funding code
The code has introduced elements of flexibility, but uncertainty needs to be avoided
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NewsUK Treasury urges investors to be more positive about taking risks
West Midlands Pension Fund: UK government’s proposals lack of clarity and consistency
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NewsNorway’s FSA says pensions capital planning must factor in big downside risk
Sharp fall in commercial property prices will result ‘in substantial losses and a pronounced weakening of Norwegian life insurers’ buffer capital’, says watchdog
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NewsUK pensions minister announces Pensions Dashboards delay
PDP’s connection deadline pushed from 31 August 2023 to 31 October 2026
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NewsItalian government readies new investment rules for first pillar pension system
Pension schemes have been waiting for an upgrade to their investment rules since 2011
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NewsFinnish pension funds deemed able to weather big illiquids writedowns
Average investment return of 1.6% in Q1 was just below required rate of return, says FIN-FSA
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NewsTax transparent fund structure could help UK boutiques grow, says report
IIMI said it is critical that any new rules do not diverge too much from the EU
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NewsItalian government puts forward law to create €1bn SWF
The funds will amount to €700m this year and a further €300m in 2024
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NewsDutch trade union chief: not sure members would support DC switch now
The new system is still not perfect, says FNV president Tuur Elzinga
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NewsUK launches review of non-financial reporting rules, will assess ISSB standards
The assessment process is expected to begin once the ISSB has published its first two standards
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NewsNorway’s parliament votes for DB buffer capital changes
Legislation on guaranteed pension provisions passes first hurdle in Storting, but buffer fund ceiling likely to be reconsidered in the case of pension funds
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NewsDanish lawmakers draw clear line between pensions, insurance firms and banks
Lobby group IPD greets Insurance Business Act after parliamentary approval: ‘Our companies are not banks.’
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NewsNorway’s SWF seeks role as lead litigator in US class action against SVB
‘Gains from lawsuits definitely outweigh costs,’ says NBIM’s governance chief
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NewsDutch pension federation opposes increase in IORP regulation threshold
The Pensioenfederatie also said it is against the creation of a “low-risk category” of IORPs with less strict regulatory requirements
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NewsMEPs call on European Parliament to include investors in CSDDD
There was a push from MEPs on the right of Parliament to water down the proposals, or even reject the entire text of the Directive
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NewsAlecta’s new CEO Hasslev: ‘Most important thing is to restore confidence’
Former AMF CIO to replace fired Magnus Billing at helm of troubled Swedish pensions giant
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Country ReportCountry report – Pensions in Nordic Region (June 2023)
Reputational issues are front of mind for the board of Alecta, Sweden’s largest pension fund, as it continues to digest the fallout from its ill-starred investments in Silicon Valley Bank and two other US financial institutions that collapsed in March this year.
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Country ReportNordic region: Alecta faces an uphill battle
The regulator is investigating the pension fund, and it is clear the scheme will have to make some effort to restore its reputation after huge losses on US bank investments
