FINLAND - The government has proposed temporary measures to ease pressure on pension funds to sell shares into a slumping market.
"The aim is to strengthen private sector employment pension institutions' financial stability so that they aren't obliged to sell shares, including Finnish stocks, in an unfavorable market," the government said.
The government is reacting to a credit crisis that sparked the biggest global stock-market drop since the Great Depression. Finland's OMX Helsinki 25 Index has lost 45% of its value this year.
One of the measures would increase insurers' stock index- based technical reserves to 10% of all underwriting reserves from 4%.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers