Britain is among eight governments which have signed a letter saying they are "very concerned" that the cost of European Union pensions will rise to £2bn a year by 2045.
The Telegraph reports the governments are opposed to the European Commission's latest demand for 26% increase in contributions towards the costs of the EU's civil service in the 2014-20 budget. ...
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