Monthly Archives: January 2012

UK COMPANIES could be forced to pay an estimated £1 trillion of extra funds into their pension schemes if EU plans to regulate them in the same way as banks take effect, a leading actuary warned yesterday. Economists said “Pandora’s Box” plans to pump more capital into retirement fund coffers to make them less risky would have dire consequences for the overall economy. And they said that the extra cost of imposing a Solvency II-type regime to reduce fund debts would be the final nail in the coffin of final salary pension incomes. Pensions minister Steve Webb last month attacked… continue reading