Latest on Regulation & Reform – Page 85
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NewsGermany progresses with capital-funded component in pensions
The purpose of the visit was to give the German Minister of Finance and his team a greater knowledge of AP7 Såfa
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NewsBaFin expands trading ban on employees
New instructions replace guidelines BaFin gave to its employees at the time it revised compliance rules for private transactions with securities
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Country ReportNetherlands: Pension transition drives consolidation
Pension schemes are turning to mergers as one way to cope with the rising costs of complying with greater regulation
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Country ReportNetherlands: Implications of the new pension system
The move towards a new Dutch pension system will have significant effects on swap curves and asset allocation
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Special Report
France: New government revives pension reform
Under Emmanuel Macron’s second presidential term, the French government hopes to achieve an overhaul of the first-pillar pension system
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Special Report
Italy: Debate on reform continues ahead of snap election
Plans announced to lower the retirement age and raise public benefits, but there has been little discussion of a greater role for second-pillar pensions
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Special ReportPortugal: Sustainability efforts need to be redoubled
Portugal recognises that past pension reforms mitigated the fiscal effects of an ageing population, but more effort is needed over the coming years
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Special ReportSpain: Second-pillar reforms broaden coverage
Amendments to existing laws and new ones extend access to second-pillar occupational pension funds to more workers
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Special ReportSweden: Premium pension revamp takes shape
Following the appointment of a board, the new Fund Selection Agency is filling senior management slots and the AP7 default fund is undergoing a strategy revamp
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Special ReportSwitzerland: First-pillar reforms put to the public
A referendum this autumn will decide the fate of reform to the first pillar, and parliament will debate the reform of the second pillar
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Special ReportUK: Going green amid a regulatory overhaul
The industry is concerned about a focus on derisking as the regulator’s new funding code takes shape this autumn
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NewsGrowing alternatives portfolio saves PFA from worse H1 fate
Danish commercial pensions heavyweight suffers DKK214m business loss in six months, says mainly due to volatile financial markets
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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
