Latest on Regulation & Reform – Page 91
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NewsNBIM gives seal of approval to IFRS sustainability standards draft
Norway’s SWF announces will vote against absolving Credit Suisse management in wake of scandals
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NewsNEST, CEPB on board as UK transition plan taskforce launches
Taskforce to develop ‘the gold standard’ for climate transition plans as net-zero commitments abound
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Dutch effort to foster self-employed pensions draws criticism
Pension experts reiterate their call for a more structural solution to the lack of pension participation among the self-employed
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NewsSwedish lobby sees increasing dominance of occupational pensions
Insurance Sweden expects trend to become even more pronounced in next few years
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EU institutions urged to mandate transition plans in final CSRD
Eurosif, PRI write to EU institutions as they negotiate over the corporate reporting directive
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NewsEC follows through with derivatives exclusion in final SFDR RTS
Exposures through derivatives not allowed to be reported as sustainable elements of strategy
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UK firefighters prepare new legal claim against government
‘The Fire Brigades Union continues to fight for pension justice for all our members’, said the Union’s national officer
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Italian private schemes demand full autonomy to invest in line with EU recovery plan
The Recovery and Resilience Facility (RRF) is the center piece of the Next Generation EU (NGEU) with funds worth €723.8bn
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Norway mulls next steps as domestic SWF hits ownership cap
Government plans to open Tromsø office to ‘build strong asset management environment’ in country’s north.
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NewsAdvisory group finalises ‘beyond green’ taxonomy recommendation
European Commission will have to make final decision on whether to pursue broadening scope, and how
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Solidarity buffer to absorb inflation shocks in new Dutch pension system
The exact rules that govern the additional measure still have to be worked out
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NewsEIOPA launches climate risk-focused 2022 pension fund stress test
Stress test also aims to assess the effects of a rise in inflation on retirement income
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FX rigging claimants win bitter-sweet certification ruling
Proposed class members include financial institutions such as pension funds, asset managers, hedge funds and mutual funds
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UN secretary general launches group to examine net-zero pledges
High-level expert group will assess current standards and definitions and recommend enhancements if they are found wanting
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Country ReportCountry Report – Pensions in Germany & Austria (April 2022)
It took just over 100 days in office before Germany’s new coalition government announced a €500bn budget to first pillar pension financing, setting in motion an agreed reform process that would create a partially funded state pension system.
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Special ReportManager selection: Asset management operations under scrutiny
The role of outsourced operational due diligence on asset managers is becoming more prominent
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Country ReportGermany: Rethinking the rules for Pensionskassen
Pensionskassen are still a reliable way to provide employees with occupational pensions but regulatory requirements must change
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Country ReportAustria: Political instability slows pension reform
The government continues to drag its feet on the comprehensive overhaul of second-pillar pensions
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Opinion PiecesUK's pension dashboard project should prioritise accuracy over simplification
The UK’s Department for Work and Pensions (DWP) consultation on the draft Pensions Dashboards Regulations 2022 closed last month. The DWP now aims to lay the regulations before parliament for debate later in the year.
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UK roundup: Regulator used its powers against Germany’s Scharf AG
Scharf showed ‘complete disregard’ for the Dosco scheme, according to TPR
