Solvency II for pensions nearer to defeat

Gavel lawbooksBelgium’s recent opposition to the European Commission’s Solvency II for pensions makes it more likely that the plan will be dropped, says a pensions consultancy. Jane Beverley, head of research at Punter Southall, says: “Belgium joins the UK, Ireland, Germany and the Netherlands in arguing that the insurance-based principles of Solvency II have no place in the regulation of occupational pension schemes. That brings the opposing group of member states within spitting distance of constituting a blocking minority.” She says the EC should now take note of the “ever louder voices” being raised against these proposals and abandon plans to introduce legislation in June this year. The Solvency II-inspired measures are due to be added to the Institutions for Occupational Retirement Provision Directive Directive. Alexander De Croo, deputy prime minister and minister for pensions, made the announcement last week at a meeting organised by the Belgian Association of Pension Institutions.  ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.