Solvency II for pensions could be ‘killer blow’ for UK schemes
The European Insurance and Occupational Pensions Authority’s (Eiopa) consultation on the directive governing occupational pensions has prompted fierce criticism from the UK pensions industry.
The consultation on the Institutions for Occupational Retirement Provisions (Iorp) directive is set to close in a matter of weeks. Eiopa will then begin finalising its advice on how a Solvency II-style prudential regime could be applied to occupational pension schemes.
The UK pensions industry and the
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