The European Commission's overhaul of its pensions directive is rushed, counterproductive and borrows too heavily from Solvency II, says a key member of the European Insurance and Occupational Pensions Authority.
Steve Webb has increased the pressure on the European Commission over Solvency II for pension schemes, promising there will be "no compromise".
The European Insurance and Occupational Pensions Authority has launched a consultation on the quantitative impact study of its final advice on the IORP Directive review.
Hannah Brenton on hazy stewardship boundaries
Hannah Brenton reports from the International Corporate Governance Network conference, held in London last week.
Manufacturers remain firmly committed to providing good quality pensions but fear European interference could make affordable provision impossible and increase bankruptcies.
This month the legal panel considers scope for challenging the DWP on GMP equalisation and discusses the effect of the government's approach on liabilities and admin costs
Somewhere in Europe a small forest has been felled to keep up with EIOPA's insatiable demand for more paper as it produced yet another volume on the proposed new IORPS directive this week.
Europe's latest white paper on pension provision has done little to allay fears for UK defined benefit schemes should Solvency II come into force.
A European Commission white paper on how to tackle major challenges facing pensions across Europe includes a commitment to revise the IORP directive and Solvency II requirements.