NAPF: EU Solvency II proposals could undermine provision


Plans by the European Union to introduce Solvency II rules to the pensions industry run the risk of undermining pension provision rather than strengthening it, industry bodies have warned.

In a formal response submitted yesterday to the European Commission (EC) Green Paper on Pensions, the National Association of Pension Funds (NAPF) said the proposed solvency regime, which would mirror the system adopted by the EU for the European insurance industry, was inappropriate.

The Association said while

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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