UK Treasury warns on European pensions directive

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UK/EUROPE - Ruth Kelly, economic secretary to the Treasury, today told delegates at the National Association of Pension Funds' investment conference in Edinburgh that the UK government will not allow inappropriate EU regulation to threaten the UK's present pension system.

Kelly said: The supplementary pensions directive should be about delivering the mutual recognition necessary to remove barriers to the operation of occupational schemes on a cross-border basis. It ...

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