EU rules could 'kill off' pensions

AOL Money Staff
Broken Union Jack piggy bank
Broken Union Jack piggy bank

European rules aiming to make occupational pensions more secure could end up killing them off, pensions industry representatives have warned.


The European Insurance and Occupational Pensions Authority (EIOPA) is looking at a scheme to assess the solvency of pension funds, which providers say would ramp up costs of provision as more funding would need to be injected.