EC: We don’t sit in an ivory tower finding solutions to problems that don’t exist

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The European Commission (EC) rejected the view that the increased harmonisation of pension fund regulation was unnecessary – " we don't sit in an ivory tower coming up with solutions to problems that don't exist", said Jonathan Faull, director general of its internal market and services division.

The EC issued a green paper, Towards Adequate, Sustainable and Safe European Pension Systems, in July, the consultation period for which closed in the middle of November. At a conference in Frankfurt

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