Markets – Page 136
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Outside experts should deal with pension complaints – Dutch ombudsman
NETHERLANDS – Piet Keizer points to lack of legal requirements covering issue.
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Voluntary pension contributions on rise in Hungary, Ukraine
EUROPE – Voluntary funds increase assets by 14%, says local association Stabilitas.
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Abacus, Carey Group launch pension scheme in Malta
MALTA – New scheme aims to offer range of retirement products through partner networks.
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AP7, Skandia tussle over default option in Swedish DC system
SWEDEN – Default should be dropped for traditional guaranteed insurance product, Skandia says.
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Nearly 60% of Dutch people distrust pension funds – survey
NETHERLANDS – Schemes fare no better than executives at scandal-plagued housing companies.
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Swiss schemes should be allowed to 'abstain' from voting at AGMs
SWITZERLAND – Pensions industry says abstinence a form of active shareholder engagement.
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LGPS investment guidelines should mirror private sector, says LPFA
UK – Lack of investment expertise in communities department ‘problematic’, CEO says.
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Asset managers needed to provide 'missing liquidity' in secondary market
EUROPE – Crédit Agricole says role of market participants becoming 'shuffled'.
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Lawmakers blast Shell pension fund for 'sidestepping' workers council
NETHERLANDS – Government vows to prevent firms from setting up new schemes without worker input.
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Providers battle for Czech second-pillar members as deadline looms
CZECH REPUBLIC – Second pillar fails to win over workers, threatens political embarrassment.
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Investors move to ensure worker safety in Bangladesh
GLOBAL – Group warns of reputational, operational and legal risks in global supply chains.
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Pot-follows-member approach to foster short-termism – NAPF
UK – Chairman says government's preferred approach to consolidation will damage UK system.
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German pension fund association calls for 'breathing room' on funding
GERMANY – Germany must ‘lose fear’ of temporary underfunding, chairman says.
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German pension funds call for end of discount-rate disparity
GERMANY – Pension association aba criticises differing regulatory, accounting rates.
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Brussels asks pension providers to explore pan-European tracking system
EUROPE – Providers involved in project include APG, PGGM, Denmark's PKA and ETK in Finland.
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Swedish roundup: Min Pension, Alecta, Folksam, Skandia
EUROPE – German seeks Swedish advice on setting up national pension information portal.
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Polish pensions industry continues to consolidate
POLAND – Local Allianz subsidiary to take over Warta pension fund, pending regulatory approval.
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Tobin tax to 'dry up' secondary market, academic warns
GLOBAL – ICMA's Richard Comotto warns of impact of Europe's proposed financial transaction tax.
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German consultants debate new player in fiduciary management
GERMANY – Experts give lukewarm response to service still viewed with scepticism.
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Swiss engagement law should apply to direct holdings only, experts say
SWITZERLAND – Legal experts say mandatory engagement should also apply only at 'certain threshold'.