Solvency II 'terrible idea' for British business and economy - CBI

clock

European Union pension policy could cripple British firms and stall economic recovery if schemes are forced into Solvency II capital requirements, employers warn.

The Confederation of British Industry warns the plans, which are under consideration by the European Commission, would add half a trillion pounds to defined benefit liabilities - diverting money aw...

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 Regulation

Rise in reported cyber incidents in 2023/24

Rise in reported cyber incidents in 2023/24

Eversheds Sutherland finds 284 reported cyber incidents occurred in last financial year for pensions

Jasmine Urquhart
clock 22 November 2024 • 1 min read
TPO orders trustee director to repay £9.7m into schemes

TPO orders trustee director to repay £9.7m into schemes

Former director of trustee firm ordered to pay into Uniway Systems and Genwick schemes

Jasmine Urquhart
clock 19 November 2024 • 1 min read
SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

Trade body says it mostly supports the DWPs proposed regulations

Jasmine Urquhart
clock 18 November 2024 • 1 min read
Trustpilot