Latest on Regulation & Reform – Page 70
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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
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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
