'Unnecessary' pension plans blasted

Proposed European Commission pension changes would be a "disaster" for British business, forcing billions of pounds of extra costs and leading to thousands of job losses, a new report has claimed.

The Confederation of British Industry (CBI) said long-term growth would also be cut by a potential 2.5% if the plans to require pension schemes run by individual employers to operate like insurance firms go through.%VIRTUAL-SkimlinksPromo%