Latest on Regulation & Reform – Page 69
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NewsVelliv scolded by Danish FSA for weak actuarial work
Pensions mutual handed several official orders to correct procedures within its actuarial function
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NewsUK’s position as financial capital called into question amid regulatory burden
The UK is ‘losing ground to other jurisdictions’, says Investment Association
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NewsFCA seeks feedback on plans to make investors explain voting decisions
Asset owners are not receiving sufficient information regarding the reason that asset managers had cast votes a particular way
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NewsDACH roundup: Funding gaps in Swiss first pillar pension system remain
Plus: WTW partners with BAA; German lifeboat scheme set ups contribution rate
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NewsIreland moves step closer to auto-enrolment setup
There will be a separate tender for investment services later in the year
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NewsUK state pension in need of reform to prevent poverty, says Phoenix
There is most concern for those unable to remain in work and without sufficient resources to draw upon, report shows
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NewsPGB to minimise solidarity aspect in new Dutch DC system
The Dutch multi-sector scheme will limit the solidarity buffer to the legally required minimum of 5%, while not offering a risk-sharing buffer in its flexible DC arrangement
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NewsNBIM wins bitter employment case, despite judge’s criticism
Former trading analytics chief Elisabeth Bull Daae given fortnight to pay Norwegian SWF’s NOK1.9m (€165,000) costs
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NewsEuropean Commission proposes stricter rules for ESG ratings providers
The draft legislation requires ESG ratings providers to disclose potential conflicts of interest
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NewsClosed Dutch Unilever fund to continue DB arrangement
Univest, the investment vehicle for all global Unilever pension schemes, will hand over two bond mandates to external managers
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NewsATP slams structure of SFDR as undermining its own aim
“Principal adverse impact indicators” (PAIs) in article 4 of SFDR only require investors to report in the form of total portfolio numbers, says ATP
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NewsMore clarification on fiduciary duty for pension scheme trustees needed, says UKSIF
UKSIF recommended that relevant government departments issue guidance for UK occupational pension schemes on a statutory or non-statutory basis
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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
