EU gold-plating rules could force DB shutdown

The European Commission's consultation on proposals put forward in its occupational pensions green paper closes today. It suggests the EU member states take an "holistic and integrated" approach to pension legislation. This would include all states adopting tougher rules on pension funds' capital adequacy, basing the amounts on Solvency II rules. However, whilst other EU states have less legislation in place to control pension funds, Joanne Segars of NAPF argues British pensions already meet high standards thanks to The Pensions Regulator. She says the UK also has the Pension Prote...