Legislation – Page 26
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News
New fund category to boost Swiss marketplace moves a step closer
The Swiss government has launched a consultation on legislative changes that would allow certain funds to be offered without prior authorisation
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Austria’s biggest pension fund ‘adds €1.5bn to economy’
Academic research shows economic impact of VBV Group’s investment activities; Survey shows dwindling faith in Austrian first pillar system
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NewsUK public sector schemes caught in consultant rule change
LGPS funds will be subject to new rules regarding the monitoring of investment consultants and fiduciary managers from December, having previously been exempt
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Expert group releases climate taxonomy proposal
EC publishes guidelines for corporate reporting of climate-related information alongside three expert group reports on big day for the Commission’s sustainable finance plan
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UK government urged to revisit miners’ pension scheme surplus rules
Government has taken £4.4bn from excess pension assets since 1994, but MPs, trustees and scheme members have demanded changes
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Mandatory tendering for fiduciary contracts becomes UK law
Pension scheme trustees must conduct a competitive tender for any new fiduciary contract covering 20% or more of assets
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Romanian government eases grip on second-pillar system
Crippling capital requirements on providers have been defused significantly, and the industry sees a “chance for survival”
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Dutch pension sector cautiously positive about reform agreement
Low-funded schemes emphasise that danger of benefit cuts has not disappeared entirely despite this week’s progress
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NewsDutch social partners and government reach agreement on retirement age
Underfunded schemes are temporarily off the hook after the minister for social affairs agreed to temporarily relax minimum funding rules
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NewsBlackRock cites auto-enrolment, UK’s NEST as model for French reform
Asset manager sets out a host of recommendations for pension saving reforms contained in the Pacte law, including auto-enrolment and pensions dashboards
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NewsUncertainty persists over Ireland’s IORP II transposition
Minister says drafting of regulations is ‘at an advanced stage’ – but a judicial review filed by trustees means the timeline is still unclear
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NewsChart of the Week: Brexit helps Ireland hit record AUM
ETFs, Brexit transfers and market performance pushed Irish AUM to an all-time high of €2.64trn in the first quarter of 2019, according to new data
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Swiss voters approve €4bn recapitalisation of Geneva pension fund
A plan worth CHF4.4bn will take the Swiss canton’s public pension scheme to a funding level of 75%, but without a DB to DC shift
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NewsManagers urged to comply with new cost disclosure templates
Minister warns government could legislate to enforce new transparency codes if managers fail to adopt the templates voluntarily
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AnalysisAnalysis: Experts warn of bank stress test impact on covered bonds
ECB’s banking sector stress tests have caused concern among covered bond analysts over the potential impact on the attractiveness of the asset class
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News
Falling costs and strong returns prompt KLP price cut
Norwegian municipal pension provider’s premium reduction comes as reforms threaten its near-monopoly on local authority sector
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Investors urge UK to act on 2050 zero emissions target advice
The UK’s business and energy secretary has pledged that the government ‘will do more’ amid grpwing investor pressure for action
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NewsSwedish government expands AP funds’ investment freedom
AP funds 1-4 to be given more flexibility to lend to real estate and holding companies they invest in
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ATP’s Foged points to weaker returns outlook after record quarter
Danish pensions giant wins parliamentary approval to take on new fund
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Swedish politicians call for cross-party pensions group to be scrapped
Government-supporting Vänsterpartiet also moves for the Premium Pension System to become optional
