Latest on Regulation & Reform
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News
Momentum expected to continue for smaller schemes in BPA market
2024 saw new entrants Royal London and Utmost complete their first deals below £100m
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News
150+ investors come out against EU’s plan to renegotiate sustainability rules
Joint statement says ‘omnibus’ proposal is unnecessary
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News
Belgian pension fund body welcomes new government’s second pillar plan
‘Arizona’ coalition government wants workplace pensions with employer contributions of at least 3% by 2035 for all employees
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News
ISSB proposes fast-track amendments to climate-change standard
‘We’re not really deliberating whether or not we made good decisions in the past,’ says vice-chair Sue Lloyd
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News
Swedish buffer funds take stock after news two will disappear
AP1, the €41.4bn fund facing liquidation after 25 years, ‘will begin implementing the change’, says CEO Kristin Magnusson Bernard
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News
Allianz GI amends ESG fund investment policies for ESMA compliance
Allianz GI, AXA IM and DWS reveal their plans to comply with ESMA rules
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News
Disinformation could mar DC transition ballots, fear Dutch pension trustees
Pension funds resist a proposal for mandatory fund-level ballots on the DC transition, fearing it will result in a no-vote because of the question’s complexity
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News
Swiss pension fund association calls for change to 1e plans proposal
The government wants to tweak the law regulating vested benefits
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News
Sweden slims pensions buffer system to three AP funds from five
Pensions group backs proposal to axe AP1 and merge AP6 into AP2
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News
Reform of Pensionskassen investment rules could be approved before elections
The second-pillar reform planned by the government is not a game changer, but some of the proposals represent a step forward, says aba’s Georg Thurnes
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Opinion Pieces
A gloomy outlook for German pension reforms
The collapse of Berlin’s ‘traffic-light’ coalition of Social Democrats (SPD), Greens and the liberal FDP late last year brought to an abrupt end a pension reform process that was proceeding slowly but surely.
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Analysis
Concern as UK steams ahead with local pension reforms
Consultation responses highlight what could be an over-ambitious timetable to reform Britain’s giant Local Government Pension Scheme
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News
PPF lowers levy to £45m as it expects more flexibility from government
DWP says it will consider giving PPF more flexibility to reduce its levy, supporting DB schemes and their sponsoring employers to drive growth
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News
EU considers role of pension funds in new five-year economic plan
The Commission to introduce an investment programme focused on disruptive technologies such as AI and clean tech
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News
UK government proposes tapping into DB surplus for economic growth
UK government is determined to encourage DB pension funds to deliver investment and drive economic growth
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News
ATP launches own external evaluation process; critic rues narrow scope
Danish statutory pensions giant announces former FSA chief will chair panel of otherwise mostly foreign experts to scrutinise its strategy and approach
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News
Finnish pensions reform seen widening equity allocations by 10 points
Ilmarinen and Varma say increased volatility is price worth paying for the higher return potential that newly agreed investment reforms allow
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News
German occupational pensions back streamlined sustainability reporting rules
‘The reporting obligations currently in place make services provided via IORPs more expensive, without offering any significant value in return,’ says WTW
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Analysis
The EU omnibus: the start of deregulation in sustainable finance?
Most investors are refusing to discuss publicly how they feel about the Commission’s omnibus agenda
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News
German government sees room for improvement in second pillar pensions
The take-up of occupational pension plans among low earners is ‘unsatisfactory’, government says