Myners backs insurers on EU capital rules

Lord Myners, the UK City Minister,issued a warning on the 11 November 2009 that new European capital rules for insurance companies could discourage people from saving for retirement by cutting the value of pensions.

ESO: Background information: Solvency http://www.europeansources.info/record/risk-management-and-supervision-of-insurance-companies-solvency-2/

ESO: Background information: New EU rules ‘will force up premiums’ http://www.europeansources.info/record/new-eu-rules-will-force-up-premiums/

ABI: Press Release, 12.11.09: ABI welcomes Lord Myners' speech http://www.abi.org.uk/Media/Releases/2009/11/ABI_welcomes_Lord_Myners_speech.aspx

UK: HM Treasury: Speech, 11.11.09: Association of British Insurers http://www.hm-treasury.gov.uk/speech_fsst_121109.htm

---