Latest on Regulation & Reform – Page 82
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Actuaries call on new pensions minister to favour flexibility to address pensions challenges
‘We urge the incoming pensions minister to listen to industry concerns about implementation of existing policies,’ says Hymans Robertson
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ISSB unveils support framework for emerging economies at COP27, tie-up with CDP
Emmanuel Faber reminded COP27 of main conference message: ‘the need for climate-related financial disclosures is increasingly urgent’
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Net zero strategies must include proxy voting commitments, verification, UN says
The guidance on credible net zero transition plans calls for the creation of a ‘global taskforce on net zero regulation’
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Opinion PiecesViewpoint: ESMA’s latest shot at ‘pre-hedging’ must now bring a clear set of rules
With a direct and significant impact on the prices that pension and other funds receive for the securities they buy and sell, pre-hedging is a key market cleanliness issue with broad implications for the investment industry, but also the end-investor and the public at large. It should not be overlooked this time around for it could become a LIBOR moment for market confidence.
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Dutch opposition parties play hard to get as pension debate runs into overtime
PvdA and GroenLinks, whose support the government needs to steer the law through the Senate, want more assurances to bring down the number of workers without a pension
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Too much choice counterproductive in retirement systems, new report finds
New evaluation of national pension systems recommends engagement efforts be stepped up, particularly for the young
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IASB calls time on pensions, fair value disclosure project
Instead, board members are to develop proposals in March 2021 exposure draft for use by the board when drafting disclosure requirements in future
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Country ReportCountry Report – Pensions in Spain & Portugal (November 2022)
In Spain, the pension sector is giving a cautious thumbs up to workplace pension reform plans, even if they fall short of the industry’s wish list. Top of that list was mandatory auto-enrolment, which won’t now happen. But the planned national so-called Macro-fondo ‘super fund’ has met with general approval. It will be managed by the private sector but supervised by a control committee comprising government, employer and union representatives.
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Opinion PiecesNext up for Switzerland: second pillar reform?
The narrow majority of Swiss citizens voting to reform the country’s statutory (AHV) pension system in a referendum on 23 September (52.2%) could create momentum to bring about changes to the second pillar.
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New Dutch pension contract fails to deliver indexation
Calculations shed doubt over an earlier claim by pensions minister Schouten that the new system would provide ‘a pension with great purchasing power’
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German government starts dialogue on reform second pillar
The government is now working on the Rentenpaket II to secure a minimum level of pension in the first pillar pension system
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Storebrand turns to European agency to end barriers to municipal tendering
Rival KLP says ‘happy to help shed light on the matter’ if asked by ESA or state
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NewsNBIM says investors still facing obstacles to voting shares internationally
Manager of Norwegian SWF suggests OECD could make new version of governance principles more specific on voting rights
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NewsSweden’s AMF joins call for new government to keep ‘green industrial revolution’ going
‘Long-term rules of the game’ necessary to keep Sweden and Swedish companies attractive for investors, says CIO
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NewsPensions industry raises concerns over DWP’s scheme funding consultation
‘We do have major doubts over whether the proposed legislation is sufficiently flexible,’ says Aon
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Nordic, English pension funds take VW to court over lobbying silence
Swedish national pension funds, Denmark’s AkademikerPension and Church of England Pensions take legal action against carmaker to ‘clarify grey area for corporate law in Germany‘
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Pensions Dashboards final regulations laid before UK parliament
The regulations outline how pension schemes will connect to the dashboard ecosystem
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450,000 more workers to accrue pensions by 2027, says Dutch pension minister
Carola Schouten made the promise to ensure opposition support for the new pension law
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NewsSwiss parliament committee votes for compensatory measures to reform second pillar pensions
25% of the second pillar’s members that are caught in the so-called transitional generation from the old to the new system would receive a full supplement
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Danish PFs: UK LDI fright shows need for stress tests, central clearing rethink
Sampension, PFA CIOs say UK-style crisis less likely in Denmark because of larger, more liquid euro market
