Legislation – Page 15
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FeaturesUS: SECURE 2.0 means the hard work ahead for pension plan sponsors
On one thing pretty much everyone agrees: the new SECURE 2.0 Act is very broad, complex, and will create a lot of work for US plan sponsors and retirement providers. In fact, the Setting Every Community Up for Retirement Enhancement law includes over 90 different provisions.
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NewsVER warns of new investment challenges ahead after law change
Finnish state pension fund’s governing act amended in 2022, increasing fund’s net contributions to the scheme
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NewsEU standards for ESG benchmarks could give funds ‘automatic’ pass under SFDR
Index providers will often direct clients to third-party data houses if they want more details about ESG
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NewsIlmarinen’s CIO suggests law changes to boost Finnish pension investment returns
Raising expected returns involves increasing risks, but long-term nature of pension liabilities make that possible, says Mikko Mursula
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NewsCut LDI gearing, introduce liquidity buffers, says UK parliamentary panel chair
After scrutinising last autumn’s LDI crisis, House of Lords’ Industry and Regulators Committee makes recommendations for reform to UK government
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NewsDanish academics propose radical change for €91bn ATP
Rangvid and Ramlau-Hansen say statutory pensions giant not be adequately compensated for the extra investment risk it takes
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NewsPension return tax should be far more visible, says Danish lobby
IPD says the levy can amount to as much as monthly salary in a single year, and Danes should be more aware how much they contribute
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NewsEurope needs €302bn annual infrastructure investments to reach net zero, study finds
A 41% increase in money deployed for infrastructure is necessary for the green energy transition in the first half of this decade
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NewsNorway overrules FSA on fund fees, saving pension funds NOK8bn, says lobby
Finance Ministry disagrees with FSA that mutual fund managers are subcontractors
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NewsATP’s overall risk ‘freezing cold’, says CEO, countering critics
Martin Præstegaard in pre-Christmas post: ‘Following the markets is part of the strategy and a condition for a long-term investor’
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NewsNorway pensions lobby hails government U-turn on high-earner contributions
Drevsjø says move to exclude pension funds from extra tax relieves them of heavy workloads and more costs
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New Danish government to free ATP to invest more in start-ups
Grand coalition led by current prime minister unveils new political platform focusing on cutting tax, incentivising work, and welfare reform
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Varma welcomes self-employed pensions law, but wish list remains
Finnish parliament passes proposal to amend the Self-employed Persons’ Pension Act (YEL)
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Norway’s new northern fund to be separate from sovereign fund, panel advises
Working titles for proposed investment unit are ‘Government New Northern Fund’ and ‘Government Pension Fund Arctic’
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Danish FSA says pension fund liquidity risk needs close follow-up
Watchdog concludes there is no immediately significant rise in liquidity risk, in new assessment ahead of next June’s central clearing deadline
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NewsSwiss parliament opts for new model to join Pensionskassen
The Council of States wants to leave the age to start saving for retirement untouched at 25 years old, instead of reducing it to 20 years old
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PensionsEurope unsure EU will agree to ECB help in a pensions liquidity crunch
European pensions lobby chief expects more emphasis on liquidity risk management in future pensions regulation
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Uncertainty for sustainable investing as CSRD legislation is adopted
The first available corporate reports are only expected from 2025 and the full scope for all applicable firms will only be in place from 2028 onwards
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Volume of EU financial regulation seems out of control, says Danish lobby
IPD launches five proposals for better EU regulation
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LDI is ‘the ultimate folly’, says UK pensions expert Keating
September crisis was no black-swan event but certain to happen in time, Con Keating tells event