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Compass
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U.K. Chorus Grows in Outcry Against Proposed Europe Pension Rules
Pensions & Investments Apr. 12, 2013 "U.K. government authorities, industry organizations and consultants publicly criticized a European Commission proposal to subject pension funds to stricter regulations currently being applied to insurance companies.... 'Businesses trying to run final-salary pensions could be faced with bigger pensions bills to plug an astonishing 450 billion GBP funding gap. This would have a highly damaging effect for the retirement prospects of millions of U.K. workers,' according to Joanne Segars, CEO of the NAPF ... [which] represents member pension funds with combined assets of about 900 billion GBP." |
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