Plans to overhaul the so-called pensions directive have done little but generate negative headlines and dire predictions since they were put out to consultation by the European Insurance and Occupational Pensions Authority last autumn.
Consultants warn the proposals could double deficits as well as reducing deficit recovery periods – forcing UK firms to pump an additional £600bn into schemes. Pensions minister Steve Webb feare...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date