Pensions portability split emerges


A north-south split is emerging over what is wrong with the EU's latest proposal for a directive on portability of pensions. Various players of Europe might disagree over where the problems actually lie, but an underlying theme is emerging - that the new rules should either be scrapped or significantly rewritten.

In the one corner are the Scandinavian and Anglo-Saxon countries, which say that the new legislation will be too costly to implement, without making any real difference to the way that

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