Legislation – Page 53
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News
Bernardino backs pensions stakeholder group amid merger concerns
EIOPA chairman personally backs separate pensions and insurance working groups in wake of Commission review
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EIOPA chairman defends stress tests as data-collection approaches
Gabriel Bernardino eases industry concerns that supervisor will copy insurance model to conduct IORP stress test
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UK pensions minister increases pressure with new measures on DC charges
Trustees to be forced to evaluate all charges and establish whether transaction costs deliver value for money
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UK watchdog aiming to push guidance agenda, assert position in Europe
TPR chairman moves to ease fears arising from Budget reforms, DB funding code
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UK pensions industry bemoans lack of clarity on DC reforms
NAPF chairman calls on government to clarify Budget announcement as April deadline approaches
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Dutch roundup: PGGM, Rabobank, ultimate forward rate committee, BpfBOUW
NETHERLANDS – PGGM, Rabobank to jointly manage new pensions vehicle PPI.
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NewsOECD criticises insufficient pension reforms
Report pins hope on old-age employment, as working age population is set to decline 10%.
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NewsEuropean Commission urges extension of working life to stave off crisis
Commission's head of social and demographic analysis urged an increased effective retirement age.
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News
Cuts to UK pension tax relief may cost industry £2.5bn, says Standard Life
UK – Proposals to phase out the higher rate of pensions tax relief could cost employers, pension schemes and providers £1.05bn (€1.27bn), while the cost to employees could be a further £1.38bn, Standard Life has claimed.
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UK gov't defends limited tax relief concession
[17:30 CEST 13-07] UK – The government has defended its decision to raise the ‘special allowance’ for receiving higher rate tax relief on pension contributions by just £10,000 on the basis it would only cost an additional £70m (€81m).
