Legislation – Page 34
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Bulgarian pension body disputes projected second-pillar payouts
Issues include predicted long-term wage rises and inclusion of non-contributing members
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Danish government moves to simplify financial regulation
Insurance and pensions trade body praises amendments to ‘extensive and costly’ post-crisis regulations
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NewsUK pension compensation limit ‘unlawful’, European court hears
Legal opinion could have effects across the EU if endorsed by European Court of Justice
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France’s Af2i launches trustee financial training initiative
Initiative is the remit of a new ‘training and academic research’ committee
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Freedom of choice ‘could cost companies £25bn’, consultant warns
Xafinity Punter Southall warns accounting bill from at-retirement freedoms introduced in 2015
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UK unions offer tentative support for collective DC
Warning against seeing CDC as an adequate replacement for defined benefit
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Lithuania plans major overhaul of second-pillar pensions
Auto-enrolment proposed for younger workers as well as change to contribution structure
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Royal Mail presents government with alternative paths to CDC
Letter to Work and Pensions Select Committee outlines easier route to the first private sector collective DC fund
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NewsUK roundup: Lowest-paid workers ‘missing out’ on pension tax relief
Plus: Pension freedoms three years on; Teachers’ Pension Scheme benefit changes; DB deficit latest
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Netherlands roundup: Political youth branches push for reform proposals
Also: Women’s group backs legislation for diversity; unions on collision course with AkzoNobel over pension top-up
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NewsReport outlines the pros and cons of collective DC
The Dutch experience could “usefully inform the thinking on the legal and regulatory framework for a UK CDC scheme”, authors argue.
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NewsUK government exploring options for CDC
Department for Work and Pensions to explore existing legislation for ways to provide legal backing for CDC
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NewsAccounting roundup: IFRS questions EU plans to modify rules
Plus: IASB framework reintroduces prudence; FRC hits back at criticism
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NewsPension dashboard should be taken out of private sector, say MPs
Competition between options ‘would add complexity to a problem crying out for simplicity’
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Regulators placed at the heart of UK green finance push
MPs say regulators should be required to produce climate adaptation reports as expert group presents raft of policy proposals
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NewsUK workers face mandatory pension contribution increase
Auto-enrolment expansion will see minimum contributions rise to 5% from next week
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NewsUK promises review of Financial Reporting Council
Business minister Greg Clark rejects FRC’s call for more powers
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Dutch funding framework ‘has met most targets’, says minister
Wouter Koolmees says pension industry has reacted positively to funding rules introduced in 2015
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Ex-PPF chief Rubenstein to lead DB consolidator ‘superfund’
Edi Truell also backs new vehicle in wake of government support for consolidation
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NewsUK to consider criminal sanctions against negligent scheme sponsors
DB white paper outlines proposals for new powers for The Pensions Regulator, consultations for consolidation regime




