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EC must heed EIOPA warning

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The CBI’s Neil Carberry, Director for Employment and Skills, comments on the preliminary findings of an impact study by the European Insurance and Occupational Pensions Authority (EIOPA) on the cost of applying a Solvency II-type funding regime on EU pensions…

The European Commission must not ignore this warning. EIOPA’s preliminary results show the impact of these proposals are even worse than expected.
 
An additional GBP450bn cash call on businesses would damage growth and job creation, as well as destabilising financial markets.

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