Latest on Regulation & Reform – Page 68
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Country ReportNordic region: Swedish pensions at a crossroads
The country’s Pension Agency has come up with three proposals: review, reform or remain the same
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Country ReportNordic region: Finnish solvency rules raise questions about risk
Many argue that the current rules are too restrictive, hampering investment returns
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Opinion PiecesGerman pensions sector backs cost rethink
Applause, which started mildly but ended robustly, suddenly reverberated in a packed Berlin conference room a few weeks ago. An audience of industry experts, pension managers, associations and trade unions clapped at the suggestion that Germany’s BaFin regulator should avoid repeating its exercise on cost reporting for IORPs, initiated by the European Insurance and Occupational Pensions Authority (EIOPA), and implemented in turn by BaFin. The exercise was a disappointment, and an excessive, unnecessary effort for the German pension industry.
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Opinion PiecesAustralia: volatility stirs valuations debate
As a disconnect in the valuation of listed and unlisted assets widens in today’s volatile markets, the torchlight is again being trained on Australia’s guardians of retirement savings.
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NewsSenate passes Dutch DC switch after 15-year debate
The new pension law in the Netherlands will come into force on 1 July 2023
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NewsSwiss trade union to formally request referendum on second-pillar reform
The government will decide in November when exactly the vote will take place
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NewsDenmark’s P+ picks CIO Kåre Hahn Michelsen to succeed CEO
Labour-market pension fund’s current CIO to take up top role in September, when Kolbye Sørensen retires after 21 years
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NewsUK government seeks further views on LGPS changes
The final regulations are expected to come into force on 1 October 2023
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NewsGerman CDU party relights early retirement debate
Number of employees opting for early retirement has grown from 151,000 in 2014 to 270,000 in 2021
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NewsPension professionals increasingly dissatisfied with pensions policy, says PMI
However, there is scope for improvement, according to the Institute
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NewsNew PPF proposals would represent ‘seismic changes’ to UK pensions landscape
Plans would mean ‘struggling’ DB schemes could choose to opt-in to the Pension Protection Fund
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NewsNorway moves ahead with flexible buffer rules for legacy DB
Pension funds, insurance companies divided on issue of proposed ceiling on buffer fund
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NewsIORP II reform: European pension associations dissect EIOPA’s review proposals
Several industry officials believe ‘it’s too soon’ for a review of the Directive
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NewsDutch pension providers welcome additional year for DC implementation
Dutch social partners had spoken out against any delays beyond 2027, but now say they can live with the postponement
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NewsKLP sees long process ahead in Storebrand complaint case
Storebrand surprised by government’s response to ESA, saying KLP is ‘not an economic actor’
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NewsABP and PME demand end to fossil fuel subsidies
The two Dutch pension funds signed a letter authored by Fossil Free Netherlands
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NewsISSB OKs amendments to align legacy SASB standards with IFRS S-2
The amendments are intended to enhance international applicability and remove inconsistencies and ill-adapted metrics
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NewsFresh delay to Dutch pension reform
Pensions minister Carola Schouten has offered a one-year extension to the implementation period in order to secure a Senate majority for the DC transition
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NewsItalian government plans sovereign wealth fund set up
The draft bill, called ‘Made In Italy’, will be tabled by the minister of enterprise and Made in Italy Adolfo Urso in an upcoming government meeting
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NewsNordic roundup: Danish pension policy, Swedish premium pension, Lærernes Pension
Danish pensions lobby group calls on Danish government to change pension withdrawal rules
