Regulation Archives - Page 52 of 67 - Pension Policy International

22MarMarch 22, 2021

Colombia govt presents capital markets bill

The government of center-right Colombian President Iván Duque has presented a capital markets bill. Key aims of the draft legislation are modernizing the payments system and boosting financial inclusion, accelerating development of the local capital market, modernizing parts of the financial system and strengthening institutional frameworks. The bill comes after experts put the sector under the microscope and submitted their recommendations. The proposed reform impacts the insurance sector, via the modernization and overhaul of current rules, such as implementation of a risk-based...

March 22, 2021

News, SliderColombia, Regulation

18MarMarch 18, 2021

U.K. Pensions Regulator seeks to streamline codes of practice

The U.K. Pensions Regulator is consulting the retirement industry on its proposal to create a new online-based code of practice, the regulator said Wednesday. The consolidated code, which would encompass updated rules on plan governance and management, would replace 10 other existing codes. The regulator intends to clarify expectations on retirement plan governing bodies to help them better assess how well their policies address financial and operational risks. "The new code of practice represents TPR's ambition to create a single point of...

March 18, 2021

News, Slider2021, COVID-19, Regulation, UK

17MarMarch 17, 2021

Pension Fund Managers: PFRDA Board clears licence award under new framework

Most of the ten applicants may get licences in the latest round The Board of the pension regulator, Pension Fund Regulatory and Development Authority (PFRDA), has given its approval to award licences to pension fund managers under its recently floated Request for proposal (RFP), for selection of sponsors of pension funds for National Pension System (NPS). Read also Virus exacts toll on women’s retirement savings, workplace diversity efforts – panel It may be recalled that as many as ten applicants, including new...

March 17, 2021

News, Slider2021, India, Pension Management, Regulation

17MarMarch 17, 2021

What Is The Pension Provision In The Stimulus Package? An Explainer

By Teresa Ghilarducci Included in the $1.9 trillion stimulus bill signed by President Biden on Thursday is an $86 billion aid package for participants of about 185 to over 300 employer-union pension plans. If aid had not been available more than a million retired retail clerks, candy makers, truck drivers, construction workers and others would have faced severe cuts in their pensions. These plans are part of a larger system of about 1500 multiemployer pension plans covering about 10 million workers. These plans...

March 17, 2021

News, OP Ed, Slider2021, COVID-19, Regulation, US

16MarMarch 16, 2021

U.S. Participants don’t know what is happening to their fees

A survey finds nearly three-quarters of Americans don’t know how much they pay in retirement plan fees, while the ‘401k Averages Book’ shows fees continue to come down. Nearly three-quarters of Americans surveyed do not know how much they pay in fees for their retirement accounts, according to a survey commissioned by investment management firm Rebalance. More than half of survey respondents (57%) indicated they believe that they pay either no fees, or very low fees, to maintain their retirement investment...

March 16, 2021

NewsCosts, Regulation, US

16MarMarch 16, 2021

Philippines. House panel pitches change in private retirement system

THE House Committee on Banks and Financial Intermediaries on Monday started deliberating the proposed Capital Market Development Act to establish a new private retirement and pension system in the country. However, Labor Secretary Silvestre Bello III quickly told the committee that while the Department of Labor and Employment (DOLE) lauded the intent of House Bill 8939, the costs to be shouldered by both employers and workers may not be generally welcomed, especially at a time when most people are still...

March 16, 2021

NewsPhilippines, Private Pensions, Regulation

12MarMarch 12, 2021

U.K. Pensions Regulator proposes new criminal charges against sponsors

By Paulina Pielichata The U.K.'s The Pensions Regulator is looking for industry input on its new criminal sanctions policy, including two new charges the regulator may bring against pension fund sponsors. Read also Italy. Pension funds seize first Italian green bonds offering The regulator was given new powers under the Pension Schemes Act 2021, which was enacted in February and allows TPR to investigate and charge company executives for misconduct related to pension funds. Read also Warning lights flickering for South Africa’s wealthy...

March 12, 2021

News, SliderRegulation, UK

11MarMarch 11, 2021

Pension Trends for Executives in FTSE 350 & SmallCap Companies 2020

By e-reward.co.uk In this research, we outline: How contribution rates vary across the UK’s three main indices. The level of contribution rates paid to the majority of staff in the UK’s largest companies. Some of the approaches that individual companies have followed to reduce the pensions of their new and existing directors. Our data is sourced from over 1,200 annual reports published between September 2017 and 2020 from companies listed on the FTSE 100, mid-250 and SmallCap indices. This data represents...

March 11, 2021

Books, Pension design, Pension Management2021, Investment, Regulation, savings, UK

11MarMarch 11, 2021

US. House Passes $1.9 Trillion Covid-19 Stimulus Package; Biden Plans to Sign Friday — Update

The House passed a $1.9 trillion coronavirus-relief bill and sent it to President Biden for his signature, with Democrats muscling an expansive round of new spending and antipoverty measures through Congress just as America begins to emerge from a year of pandemic-related shutdowns. Read also Puerto Rico debt-restructuring plan filed amid criticism The relief bill offers a $1,400 check to many Americans, an extension of a $300 weekly jobless-aid supplement, and a one-year expansion of the child tax credit. It also...

March 11, 2021

News, SliderRegulation, US

11MarMarch 11, 2021

Regulation and economics converge in ESG

By Sarah Rundell Investors from Schroders, Trillium and PensionDanmark discuss how a changing regulatory picture and the economics of sustainable investment are coming together to create a tipping point in ESG, but they warn their peers to look beyond the label to what is on the inside. In keeping with being one of the first investors in wind energy years ago, Denmark’s PensionDanmark was also an original investor in the country’s state of the art energy island in the North Sea....

March 11, 2021

News, OP Ed, SliderESG, Regulation

March 2021