Comment: Europe needs to listen

Jonathan Stapleton urges Eurocrats to take note

Jonathan Stapleton
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Plans to overhaul the so-called pensions directive have done little but generate negative headlines and dire predictions since they were put out to consultation by the European Insurance and Occupational Pensions Authority last autumn.

Consultants warn the proposals could double deficits as well as reducing deficit recovery periods – forcing UK firms to pump an additional £600bn into schemes. Pensions minister Steve Webb feare...

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