CEIOPS rejects Solvency II for pensions


Despite the emergence of pan-European pensions systems and the increased risk-focus of the insurance industry, a report by the Committee of European Insurance & Occupational Pensions Supervisors (CEIOPS) has said that widening the Solvency II directive to include pension funds would threaten the continued provision of defined benefit (DB) schemes.

In the report by a working group on pension solvency, chaired by Tony Hobman, chief executive of the UK's Pensions Regulator, CEIOPS highlighted four

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