EUROPE - Pension funds should not be included under Solvency II, and proponents of such a move must recognise that pension funds are different to insurance companies, said Tim Reay, international pensions consultant at Hewitt Associates.
Some parties in Europe have called for pension funds to be included under Solvency II - a set of requirements similar to Basel II that covers insurance companies - but Reay said: "I am sceptical...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
