ABI urges EU to limit the cross-border pensions regulatory burden

Speaking at a EU pensions seminar yesterday, Association of British Insurers deputy director Stephen Sklaroff suggested 90% of pensions business is likely to be conducted within a country's borders for many years yet to come. This should encourage EU officials to avoid adding the changes aimed at the cross-border market to the regulatory burden of domestic business, he added. Sklaroff, who is also a member of the EU Commission's advisory group on Insurance and Pensions, says both occupational and personal pensions are almost all provided on a national basis. This is because most co...