Legislation – Page 4
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News
PKA censured after complaints over refusals to transfer pensions
PKA pledges to give better explanations when pension pots can’t be transferred
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News
German insurers could face highest court decision on pension cut clause
German consumer associations are taking legal action against Zurich, Allianz, AXA, and LPV Lebensversicherung
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News
Finance Norway calls for change in workplace pensions
Lobby backs government’s proposal to bolster sustainability of pension system, but says occupational schemes should be adjusted alongside state pension
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Time for different rules for legacy DB pensions, says Norway funds lobby
Drevsjø: ‘Is the goal to protect the paid-up policy or the shareholder in the life insurance company?’
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News
Pension funds can continue DC transition, says Dutch parliament
MP Agnes Joseph, however, submitted a motion calling on pensions minister Carola Schouten to explore alternatives to the mandatory conversion of DB accruals to personal pension capitals
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News
TPR’s long-awaited General Code to improve governance standards
However, there are concerns the General Code will put financial strains on smaller schemes
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News
Danish FSA raps two PKA-run pension funds over lack of risk clarity for members
Two healthcare pension funds failed to fully inform members about elements of their pension benefit, and associated risks, says watchdog
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News
UK pensions regulator publishes long-awaited General Code of Practice
The General Code of Practice is expected to come into force on 27 March
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News
Norwegian, Swedish professors stick with advice on adding private equity to GPFG
Døskeland and Strömberg say NBIM’s preferred implementation is very similar to their advice
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News
Folketrygdfondet formally proposed to run NOK30bn Arctic SWF
Kjetil Houg says draft legislation is ‘declaration of confidence’ in his organisation
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News
PKA acquitted in long-running competition case
Danish pensions manager says never wanted to limit competition in the pension market
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News
Norway’s SWF sets out plan to become $40-70bn private equity investor
Tangen says now is very good time to start building private equity portfolio, with discounts available in secondary market
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News
Netherlands violates freedom of movement principle, ECJ rules
The verdict means that Dutch workers who move to another EU country should now be able to take their pension with them without having to pay taxes on the accrued capital
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News
Occupational pension industry disappointed with IG Metall’s social partner model rebuff
The union continues to support company pensions under social partnerships, says MetallRente
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News
German government drafts law to reform second pillar pension system
The 24-point draft law deals with the difficult topic of opening up the social partner model to third parties not bound by collective bargaining agreements
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Analysis
Germany battles to keep pension reforms on course
New law to replace 2018’s pension reform legislation amid disagreements over reform plans for all three pillars of the pension system
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News
King’s Speech fails to mention pension reforms
Speculation that the PPF could be used as a consolidator remains unaddressed, and this is now unlikely to be resolved for at least another 12 months, PMI says
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News
Swiss groups slam government’s decision to increase minimum interest rate
The Swiss Employers’ Association considers the increase unjustified and says minimum interest rate should have been well below the limit of 1%
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News
Langensjö amazed Swedish buffer fund reform ‘still alive’ after decade dormant
Former AP Funds inquiry chief says government’s new review is a chance to make system more efficient and better governed
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News
Sampension and PBU link up to push multinationals on responsible tax
Danish pension funds work with Nordea AM and Engagement International, calling out large tech companies for low tax ratios