Latest on Regulation & Reform – Page 72
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NewsUK actuaries call for robust design and high-quality comms in new CDC pensions
There are significant concerns about DWP’s proposals to compare investment performance net of member-borne costs and charges and all costs paid by an employer to a scheme or pension provider
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NewsISSB staff aiming for mid-year public consultation on changes to SASB standards
A committee of board members is reviewing a draft now to be voted on by the end of the month
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NewsUK government says LDI still has useful place in pension scheme toolkit
Collateral buffers behind LDI need to be higher to withstand shocks, Trott tells MPs and Lords committees
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NewsToo soon for LGPS reform on further consolidation, says PLSA
A forthcoming consultation would propose LGPS funds transfer all listed assets into their pools by March 2025
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NewsAPG struggles with 2027 pension transition deadline
Its own planning schedule is hard to reconcile with demands set by the regulator, according to the Netherlands’ largest pension administrator
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NewsAlecta’s board orders immediate strategy probe after US bank losses
Swedish occupational pensions giant says its First Republic Bank investment risks being completely lost too
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NewsMacron faces backlash as he bypasses parliamentary vote on pensions bill
The controversial pension reform proposed by Macron’s government seeks to merge France’s 42 separate pension schemes into a single, universal points-based system
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NewsSwiss parliament approves second pillar reform
The threshold to join a Pensionskasse would equal under the new regime to a salary of CHF19,845 per year
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NewsSwiss MPs draw up proposal to set aside disagreements on second pillar reform
The reform plan proposed by the Council of States would cost around CHF100m more per year than the version proposed by the National Council
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NewsUK regulator publishes guidance on employer related investments
The guidance warns trustees, employers and scheme advisers they must report ERI breaches to TPR
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NewsSwedish watchdog grills Alecta, others as US bank losses pile up
NBIM ‘closely monitoring the situation in the market’ after €281m exposure to collapsed banks
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NewsPension funds to join class action against EY in Wirecard case
The volume of claims will likely reach €1bn
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NewsISSB to launch May consultation on initial two-year workplan
The first three candidate projects are research into biodiversity, human capital, and human rights in value chains
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NewsBaFin updates guidelines on taxonomy-compliant gas and nuclear investments
The new guideline does not apply if nuclear energy and fossil gas are excluded from the pool of investments
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NewsNorway’s SWF reveals its women take home less pay
Men are over-represented in better-paid investment roles and do more overtime, Norway’s SWF explains
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NewsPensions Authority launches research on IORP II implementation in Ireland
EIOPA and the European Commission are supporting the Authority in the implementation of forward-looking risk-based supervision in Ireland
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NewsWave of sustainability downgrades affects pension funds too
If an asset manager has downgraded a lot of funds from Article 9 to Article 8 under the SFDR, this could be an indication of greenwashing
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NewsBaFin gives go-ahead to engagement platform for asset owners, managers
Sustainable finance advisory committee to set up platform and publish taxonomy paper, while taking clear stance on ESMA’s ESG consultation
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NewsISO launches sustainable finance standard
The British Standards Institute (BSI) – developing the new guidance – has committed to embed climate science into every new or revised standard it creates
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NewsGerman association of professionals consults on new DC pensions model
Professionals who are not bound by collective bargaining agreements, including those from other professions, can join the social partner model
