Latest on Regulation & Reform – Page 9
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NewsTPR’s long-awaited General Code to improve governance standards
However, there are concerns the General Code will put financial strains on smaller schemes
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NewsDanish FSA raps two PKA-run pension funds over lack of risk clarity for members
Two healthcare pension funds failed to fully inform members about elements of their pension benefit, and associated risks, says watchdog
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NewsGerman public pension manager warns of rising contributions
Government plans to cut €600m in subsides as it proceeds to redraft the 2024 budget
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NewsUK pensions regulator publishes long-awaited General Code of Practice
The General Code of Practice is expected to come into force on 27 March
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NewsSweden broadens buffer fund reform, intends to slash system to three funds
With buffer funds costing up to SEK400m a year, government says, even small saving can free up funds for future pensioners
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NewsUS GAAP stumbling block for Dutch DC switch
Several pension funds told regulator DNB the matter prevents them from making the transition to DC
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NewsInsurance Sweden says SFDR should be simpler, not used as product label
Design of regulation makes it hard to convey information to the customer, lobby group says
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NewsSwiss coalition starts political campaign for 13th month of pension
The measure is justified by inflation, higher rents and health insurance premiums that have hit monthly pensions since 2021, political parties say
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NewsGerman economist calls for review of ‘mother’s pension’ amid budget redraft
The Mütterrente was ‘purely an election gift’, says Monika Schnitzer, chair of the German Council of Economic Experts
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NewsItaly’s INPS increases minimum pensions
The institute will increase minimum pensions this year by 5.4% for people who are employed and self-employed
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NewsKeva positive on idea of investigating stabilisation mechanism
”Our defined benefit system has not been very ‘defined’ in the longer term,” says head of Keva’s EU pensions team
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NewsItalian government defines stringent requirement for early retirement
One of the changes includes women asking for early retirement under the ‘Opzione Donna’ at 61, instead of 60, and 35 years of contributions
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Country ReportFirst-pillar pension reform versus fiscal consolidation in Romania
The law reforming the first-pillar pension system could amplify fiscal deficit problems in the shorter term
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Country ReportBulgaria’s pension funds look to Europe
The country’s pension sector is seeking greater flexibility in investment fund options
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NewsFrance strengthens SRI fund label to ‘give investors more confidence’
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
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NewsDutch pensions minister warns against consequences of referendums
New political party NSC, which is currently in negotiations to form a government, wants all pension funds to organise a referendum on the transition from DB to DC
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NewsAba expects ‘small changes’ to rules on underfunded pension funds
The association also expects possible changes with regard to the definition of Pensionskasse
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NewsDutch harbour pilots to see 8% pension rise in new system
The rise is applicable at the fund’s current funding ratio of 121%
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AnalysisGerman companies rethink occupational pension plans
German corporates reorganise their pension plans in a bid to win over talent, fight skilled workers shortage, and exploit opportunities for a flexible transition to retirement
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NewsPension bodies and asset managers disagree over SFDR reform
European Commission acknowledges need to review legal foundations of SFDR and proposes two new options in consultation
