Latest on Regulation & Reform – Page 86
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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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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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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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‘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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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
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Proposed sustainability disclosure standards will not meet needs, investors warn
A4S Asset Owners Network calls on ISSB to strengthen inclusion of factors beyond those narrowly impacting enterprise value
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NewsGerman government ditches plan to deploy pension capital for VC funds
Instead, start-up strategy envisions opening up the VC market to institutional investors through a German Growth Fund
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ISSB to consult on workplan, strategic direction ‘by the end of the year’
The consultation will seek comments on activities such as outreach work, supporting implementation and applying the new disclosure standards and digital reporting
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AP Pension takes product-switch case to Denmark’s Supreme Court
Mutual pension provider appeals High Court judgement that plaintiffs had had to bear unreasonable risks – CEO argues longevity risk was not an issue in FSA inspection at the time
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NewsIASB opts for ‘middle-ground’ over IAS 19, IFRS 13 disclosure changes
Chair Andreas Barckow sensed ‘limited appetite’ for taking forward the board’s proposals for a fresh approach to disclosure in IAS 19 and IFRS 13
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Sweden’s new premium pension funds board launches tender
In second tender, pension fund procurement authority seeks fund analysis system
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NewsNorway’s SWF manager pushes for companies to set science-based targets
Smith Ihenacho pens response to UK’s blueprint for company transition plans, ‘broadly agreeing’ with principles, key elements
