Britain signs letter condemning £2bn EU pension costs

clock

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

LGPS assets hit record £400bn in March

LGPS assets hit record £400bn in March

Isio finds funding levels increased 67% since last actuarial valuation in March 2022

Jasmine Urquhart
clock 29 April 2024 • 2 min read
Clara Pensions CEO questions need for public sector consolidator

Clara Pensions CEO questions need for public sector consolidator

Simon True says need for PPF consolidator ‘not obvious’ in a ‘vibrant’ market

Martin Richmond
clock 26 April 2024 • 2 min read
CETVs 'significantly lower' since last year as Q1 sees 2% decrease

CETVs 'significantly lower' since last year as Q1 sees 2% decrease

Transfer Value Index finds average volumes are £160,000 but 50% lower than last year

Jasmine Urquhart
clock 25 April 2024 • 1 min read
Trustpilot