Legislation – Page 28
-
News
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
-
News
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
-
News
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”
-
News
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
-
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
-
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
-
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
-
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
-
News
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
-
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
-
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
-
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
-
News
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
-
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
-
News
ATP’s Foged points to weaker returns outlook after record quarter
Danish pensions giant wins parliamentary approval to take on new fund
-
News
Swedish politicians call for cross-party pensions group to be scrapped
Government-supporting Vänsterpartiet also moves for the Premium Pension System to become optional
-
News
Dutch watchdog wants new rules for pension funds’ DC products
AFM warns its current remit is limited and wants to make sure customers are protected
-
NewsEuropean Parliament gives green light to PEPP framework
Portable personal pension products to have cost cap and multiple investment options
-
News
Pension dashboard: UK to force pension funds to provide data
Government urges schemes to prepare their systems and records for introduction of dashboards in next few years
-
NewsReport lays out plan for German pension dashboard
180-page report by academics and consultancy proves feasibility of cross-pillar information service – if there is political agreement
