SWEDEN - Pension funds look financially healthy enough to be able to ride out most of the negative effects of the current economic climate, according to research conducted by the Swedish Finans Inspektionen (FI).
The FI said the pension funds and insurers involved should be able to withstand Swedish share volatility of 40%, a 35% fall in real estate prices, a 30% drop in interest rates and/or a doubling of the credit risk spread, or at least an increase of 25 basis points.
However, the report only went as far as the end of November 2007, meaning the sharp drops in markets witnessed in recent days were not taken into account.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.