An overhauled EU pensions directive will encourage the development of cross-border schemes by dropping the requirement for them to be fully funded at all times, says Towers Watson.
The consultancy said this requirement had been dropped from a draft copy of the Institutions for Occupational Retirement Provisions (IORPS) II Directive, which could come into force as early as next year....
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