Regulation Archives - Page 16 of 64 - Pension Policy International

14SepSeptember 14, 2023

UK. TPR to ‘work more closely’ with pension administrators

The Pensions Regulator (TPR) has said it is planning to "work more closely" with third-party administrators (TPAs) and has updated on recent progress in a blog published today (13 September). The blog, written by TPR interim head of relationship supervision Cliodhna Judge, outlined how a recent pilot project on an ‘administrator relationships' function has led to better engagement with TPAs. The project, which has been running since early 2022, involved working with a voluntary administrator to "explore potential risk areas", and...

September 14, 2023

News, UncategorizedPension Management, Regulation, supervision, UK

08SepSeptember 8, 2023

Review of climate-related disclosures by occupational pension schemes

By The Pensions Regulator From 1 October 2021, new regulations came into effect for trustees of certain schemes aimed at improving governance and reporting of climate-related risks and opportunities. Reports under these regulations started to be published from mid-2022. Here, we set out our preliminary observations and feedback to industry, based on our review of a selection of the tranche one climate-related disclosures published by occupational pension schemes Libro completo “aquí”

September 8, 2023

Books, Books, Reports, System Characterization2023, Climate crisis, ESG, Regulation, UK

07SepSeptember 7, 2023

US. Washington taking aim at pension risk transfer market, but is anything broken?

The U.S. pension risk transfer market is booming as more companies look to shed their pension liabilities, but changes to the rules governing such transactions could be coming, which is making some stakeholders nervous. "What I worry about is that we see something proposed that disrupts the system that's working well," said Kent A. Mason, a Washington-based partner at law firm Davis & Harman LLP and outside counsel for the American Benefits Council. "To me, where do you go from the...

September 7, 2023

NewsRegulation, Risk, US

07SepSeptember 7, 2023

Research finds pensions struggle to determine metrics for ESG goals

There’s no one-size-fits-all approach for pension funds looking to use an environmental, social and governance lens in their investment approach, according to a new publication from the pension research council at the Wharton School of the University of Pennsylvania. Olivia Mitchell, a professor and executive director of the pension research council at the University of Pennsylvania’s Wharton Business School and one of the editors of the volume, says institutional investors are split over the long-term value of an ESG approach between pursuing...

September 7, 2023

NewsESG, Pension Management, Regulation

06SepSeptember 6, 2023

UK. Government announces new welfare reforms to help thousands into work

A consultation, launched today (Tuesday 5 September), will consider changes to the Work Capability Assessment, with proposals to ensure it is delivering the right outcomes for supporting those most in need. The consultation will look at updating the Work Capability Assessment’s categories so they better reflect the modern world of work and the opportunities more readily available to disabled people. Earlier this year, Government confirmed investment worth £2 billion to support disabled people and those with long-term health conditions into work,...

September 6, 2023

NewsLabor Market, Pension Reform, Regulation, UK

06SepSeptember 6, 2023

Pension Funds Want ESG Ratings ‘Oligopoly’ Broken by EU

Europe’s pensions industry wants regulators to end the dominance of some ESG ratings firms, amid concerns that the existing market dynamic is hurting competition and driving up prices. The absence to date of regulatory controls has enabled the “dominance of major players,” which has “negatively impacted smaller entities,” PensionsEurope said in a hearing response to the European Commission. That’s “led to higher prices, barriers to entry, reduced market competition and limited innovation,” it said. The EU’s executive arm proposed a major crackdown of the...

September 6, 2023

NewsESG, EU, Regulation

05SepSeptember 5, 2023

Australian regulator warns pension funds

Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva, an Australian technology start-up whose lofty valuation tumbled in 2022. Sydney-headquartered software firm Canva hit a peak valuation of $40bn in late 2021, only to be revised sharply lower to $25.5bn last August amid a downturn in technology stocks. Major funds including Aware Super and Hostplus were investors. The Australian Prudential Regulation Authority (APRA) on...

September 5, 2023

NewsAustralia, Investment, Regulation

01SepSeptember 1, 2023

Family Planning Confronts Delayed Retirement in China: The Retirement Intention of Only-Child Parents

By Xiao Yu, Yingdong Xu, Yue Sun & Luyao Jiao By establishing a labor-retirement model within China’s unique intergenerational support culture and one-child policy, this study provides evidence of the one-child policy’s early effect on individuals’ retirement decisions. This finding highlights a contradiction between the retirement intentions of the 1960s and 1970s generations, who are most affected by the one-child policy, and the delayed retirement policy of Chinese government. Utilizing data from the CHARLS 2011-2018 and employing OLS, IV, and...

September 1, 2023

Aging, Articles2023, China, Labor Market, Regulation, Retirement Planning

01SepSeptember 1, 2023

Exploring the Impact of Information Environment on ESG Disclosure Behavior: Evidence from National Pensions and Foreign Investors

By Jong Won Choi, Suk Hyun & Ju Hyoung Park This study examines the impact of institutional investors on the environmental, social, and governance (ESG) disclosures of Korean companies listed on Bloomberg from 2011 to 2020. We find that while institutional investors encourage general ESG disclosure, they do not influence materiality-based ESG disclosure. Interestingly, materiality-based ESG disclosures decrease when institutional investors are major shareholders, suggesting a potential decline in disclosure quality. The study also finds a positive relationship between materiality-based...

September 1, 2023

Articles, Pension Management2023, Corporate Governance, ESG, Regulation

01SepSeptember 1, 2023

US. DOL auditing some multiemployer plans following PBGC aid, attorney says

The Department of Labor has sent investigative letters to several multiemployer pension plans that have received special financial assistance from the Pension Benefit Guaranty Corp. and had previously suspended benefits under a 2014 law, according to an attorney who works with such plans. Investigators with the Labor Department's Employee Benefits Security Administration are seeking information on plan policies and procedures related to special financial assistance as well as the makeup payments to participants and beneficiaries who experienced suspension of their...

September 1, 2023

NewsPension Payment, Regulation, US

September 2023