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...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point