Pension funds should not face the ‘exact same rules' as insurance companies under Solvency II but must be open to change, European Commissioner Michel Barnier says.
At a Brussels summit on the IORP directive, the commissioner dismissed claims Solvency II will cost businesses €800bn (£668bn) and bring about the demise of defined benefit provision. He said: "I would...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.