IORP II proposal would 'kill' European DB cross-border schemes

Stephanie Baxter
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A controversial proposal in draft EU pensions legislation would destroy the defined benefit (DB) cross-border scheme market, warns the Association of Consulting Actuaries (ACA).

The organisation said the move would effectively "kill" the nascent market by making it more difficult to run these types of schemes. ACA International Committee chairman Paul Kelly called this ...

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