Legislation – Page 20
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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
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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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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
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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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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
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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
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NewsEuropean Parliament gives green light to PEPP framework
Portable personal pension products to have cost cap and multiple investment options
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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
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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
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Dutch regulator criticises unions for delaying pensions reform
DNB president Klaas Knot says worker groups are asking too much of the Dutch government
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News
Dutch minister rejects flexible retirement age for state pension
Measures would be bad for government finances and too complicated to implement, Koolmees says
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News
Politicians warn on UK audit sector’s Brexit preparations
‘UK law must prevail’ if there is a clash between UK and international standards, peers say
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NewsUK publishes plan for introduction of CDC schemes
Authorisation and communication at heart of framework – but former minister warns first schemes could still be years away
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News
AMF demands overhaul of Swedish pension rulebook
State pension’s income-protection component must be retained and early withdrawals should be banned, says pension fund
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News
German regulator urges take-up of new DC model
Also: Union representative hints at “major project close to completion” involving insurer for new non-guaranteed pension
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Country ReportUK moves to enact changes to consultant, fiduciary sectors
Government pledges to legislate for CMA recommendations that require tendering for fiduciary contracts
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News
UK to replace audit regulator after damning review
Investors voice support as Kingman review to be enacted by government
