Regulation

US - Proposed legislation covering the US swaps market risks causing "severe market disruption" for dealers and pension fund clients, an industry body has warned.

IRELAND - Registered Administrators (RAs) must improve their record keeping if they are to avoid on-the-spot fines, the Pensions Board has warned.

A fifth of trustees never meet with their administrator and are failing in their duty to monitor scheme data quality, The Pensions Regulator says.

An EU-wide plan to improve the sustainability and equality of pension schemes has been given the green light.

The Pensions Regulator is "concerned" by regulatory arbitrage and its effect on the security of member benefits, its chief executive says.

Uniq's deficit for equity agreement is "quite clearly" the best option for the trustees, The Pensions Regulator says.

GLOBAL - Linking retirement age to a mortality index would remove some political risk around increasing the length of time employees work, said Mercer's chief retirement strategist Bruce Rigby.

HONG KONG - The Mandatory Provident Fund has failed in its task to encourage additional savings, but pending legislation to encourage members to move their assets into other savings vehicles will do just that, said RCM.

The Pensions Regulator has overhauled its senior management team and their responsibilities to give defined contribution and auto-enrolment greater importance.

Any lawyer worth their salt knows that new legislation often has unforeseen consequences. That's the case even for the most pedestrian piece of law, so imagine the possible ramifications for new regulations borne out of the double whammy of the global...