Euro pensions directive threatens £450bn hit for UK sponsors - EIOPA

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UK defined benefit sponsors would have to pump €527bn (£448bn) into schemes to meet funding requirements proposed by the European Commission, says the European Insurance and Occupational Pensions Authority.

The finding, which has alarmed lobby groups, comes from the preliminary results of EIOPA's quantitative impact study on a proposed European pensions directive. It leaves UK schemes 24% short of ...

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