Latest on Regulation & Reform – Page 83
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News
Elo reports H1 solvency dip ahead of new strategy roll-out
Finnish pension insurer reports 4.5% investment loss between January and June – in line with Varma’s, narrower than Ilmarinen’s
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NewsPFA rapped by Danish FSA over alternatives risks
Danish commercial pensions heavyweight told to correct strategic approach to alternative investments
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NewsGerman experts propose state/private asset management governance for pension reform
It would offer a broadly diversified product, with investments following the principles of modern portfolio theory, protected against political influence
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NewsPension funds’ climate goals hindered by private markets data gaps
Lack of data to manage climate risks may impact funds’ ability to meet TFCD reporting obligations
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Opinion PiecesViewpoint: New UK government taskforce signals importance of ESG
There has been substantial progress in climate-related and governance issues, but social factors, have not always received as much attention.
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Denmark draws clear line between pensions and banking law with new bill
Association says draft is “clear recognition” that underlying EU regulations for insurance and pension industry are different from banking rules
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Finland’s Elo could slash 10% of jobs in restructuring
Recently rehabilitated pension company heralds revamp to “respond to changes in operating environment”
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Ilmarinen posts 6.2% investment loss after worsening Q2
Finnish pension fund CEO says more people applying for disability pensions once again
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NewsUK DB pension scheme funding proposal ‘risks corporate insolvencies, asset fire sales’
Consultants warn on ‘dramatic’ impact of new UK DB pension scheme funding rules as DWP proposal raises insolvency risks
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NewsFCA issues warning to alternative investment bosses via open letter
For the UK’s status to be retained, its markets must remain clean, liquid, and orderly, letter states
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News
Norway’s SWF joins ESMA in call for pragmatism in EU corporate sustainability rules
NBIM advocates fewer disclosure metrics and more focus on key data likely to be valuable to users
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NewsUK regulator launches consultation on Long Term Asset Fund access
FCA seeks contributions from participants to design draft rules to market LTAFs to retail investors, pension schemes
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NewsTPR reviews tender process for fiduciary management services
Introducing these regulations ‘should not place an additional burden on schemes,’ says Fairs
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News
PFA sues Meta, alleging firm gave market misleading information
Danish pension fund says US social media giant has duty to prevent proliferation of misinformation or harmful content
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NewsGerman state scheme sees contributions increase to €133bn in H1
Expenses for the first pillar scheme stood last year at €341.60bn, up from €288.98bn in 2020
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News
‘Where are we now?’: Reflecting on the journey of sustainable finance
‘Planning for transition is increasingly understood to be needed at all levels, that’s a big shift,’ says UK’s Transition Plan Taskforce
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News
Ireland’s Pensions Authority issues compliance of master trusts report
Authority has issued individual letters to master trusts and expects trustee boards and advisers to consider findings and evaluate own practices
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NewsCFA Society Germany proposes merger of occupational with private pension systems
The German pension system would become more flexible, transparent, and fair
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NewsNBIM wants extras in reporting requirements on transition plans
Norway’s SWF manager lauds transparency around offsets in IFRS climate disclosures draft
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NewsCollective defined contribution schemes point to improved returns
DWP plans to consult later this year on a package of prospective design principles and approaches to accommodate new types of CDC schemes
