Solvency II will hammer economic growth and cost firms £500bn

clock

Solvency II requirements for defined benefit schemes will double the value of technical provisions required to fund liabilities, costing sponsors £500bn, employers warn.

In a speech last night at the Confederation of British Industry annual dinner, director general John Cridland said plans to double the amount regulators required from schemes to meet pensioner liab...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Active Run-on

Partner Insight: Active Run-on

A New Endgame Strategy for Defined Benefit Schemes

Aon
clock 16 April 2025 • 2 min read
Partner Insight: Funded Reinsurance

Partner Insight: Funded Reinsurance

PRA Reaffirms Focus For 2025

Aon
clock 16 April 2025 • 1 min read
Partner Insight: The UK Risk Settlement Market, Endgame Is Near — Are You Ready?

Partner Insight: The UK Risk Settlement Market, Endgame Is Near — Are You Ready?

Aon
clock 16 April 2025 • 2 min read
Trustpilot