Latest on Regulation & Reform – Page 72
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NewsISSB launches consultation to enhance global applicability of SASB standards
The consultation is open for public comments until 9 August 2023
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NewsISSB seeks input on future research projects and workplan priorities
Expectations on the board to embark on new research and standard-setting projects must take account of the limits on the board’s resources, Faber says
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NewsAlecta declares ‘full respect’ for FSA launching risk management probe
Collectum says will await outcome of watchdog’s investigation before taking any action on ITP contract
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NewsTangen defends higher pay for investment staff in unfair dismissal case
CEO of Norwegian SWF manager takes witness stand in Oslo court
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NewsAon lauds BoE sparking ‘robust debate’ on wisdom of UK buyout surge
Consultancy responds to warning from UK central bank about risks of insurers rushing to offer bulk annuities to now-healthier DB schemes
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NewsISSB unveils plan to update SASB metrics for global relevance
Although standards are well established as a framework for sustainability reporting, critics say they are too focused on North American capital markets
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Country ReportCountry Report – Pensions in UK (May 2023)
UK pensions are at a crucial juncture. The UK Parliament’s inquiry into the LDI crisis of September 2022 shed some light on its causes, but the debate on the role of LDI is alive and well. Meanwhile, regulators including The Pensions Regulator and the Financial Conduct Authority have advised pension schemes on how to make LDI strategies more resilient to shocks.
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Country ReportUK: Can the country turn a flawed investment ecosytem around?
Decades of complex legislation has fuelled many unanticipated consequences, which has seen pension funds invest less in riskier listed equities and illiquid assets
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Country ReportUK: Beware the unintended consequences of the DB funding code
Laura McLaren highlights the unintended consequences of TPR’s proposed code, and what can be done to mitigate the risks
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Opinion PiecesCDC: finally off the starting blocks
The Pensions Regulator (TPR) last month approved the Royal Mail Collective Pension Plan as the first registered collective defined contribution (CDC) scheme in the UK
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FeaturesGreenwashing: Teasing out the intentional from the accidental
Greenwashing is increasingly under the spotlight as investors and rulemakers try to figure out whether the chief concern is untruthfulness or the unintentional misleading of clients with environmental claims
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NewsSweden’s move to tie pension age to lifespans found to bolster pension system
Swedish Pensions Agency finds that over 75 year, PAYG system’s assets will exceed liabilities because pension age to be linked to life expectancy after 2026
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NewsDanish FSA develops national stress test for pension firms
Watchdog says new tests have higher local coverage than EIOPA’s stress tests, and are tailored to national conditions
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NewsISSB sets 120-day comment period on agenda priorities consultation
ISSB vice chair Sue Lloyd encountered significant pushback from committee members regarding the necessity of a shortened comment period
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NewsAEIP defends proportionality principle in IORP II review consultation
The IORP sector is asking for more proportionality, not less, according to the European Association of Paritarian Institutions
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News‘Potential renaissance’ of UK DB pensions mooted amid parliamentary probe
Work and Pensions Committee’s inquiry into defined benefit pension schemes ends today
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NewsBaFin warns of further risks for Pensionskassen
Risks are perceived from investments in Spezialfonds and alternative investments, as well as in private equity and private debt funds
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NewsGerman government plans to broaden social partner pension model
Plans will enable workers not represented by a union and smaller firms to join pension agreements
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News‘A massive deal’: EU Parliament moves to add investors into Due Diligence Directive
The Parliament makes the distinction between entities that are linked to environmental harm and human rights abuses
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NewsUK’s pensions regulator, FCA set out new LDI guidance
Trustees must understand investment strategy risks, and only use leveraged LDI if appropriate, says TPR
