German pensions upset by EU proposals

Author (Person)
Series Title
Series Details 4.4.11
Publication Date 04/04/2011
Content Type

The FT editor analyses the German pensions industry, trying to see if the EU commissioners theory (‘It is necessary to review the solvency rules for pension funds. In this context, the Solvency II rules could perhaps be a good starting point’) can be applied to the German institutions as well.
Should institutions for occupational retirement provision (Iorps) be forced – like insurers – to comply with Solvency II and its high capital requirements from 2013? This question is controversial not only in Brussels, but also in Berlin and Frankfurt.

Related Links
ESO: Background information: European Insurance and Occupational Pensions Authority (EIOPA) http://www.europeansources.info/record/european-insurance-and-occupational-pensions-authority-eiopa/
ESO: Background information: Pensions http://www.europeansources.info/record/pensions-2/
ESO: Background information: Poland saves on pensions to cut budget deficit http://www.europeansources.info/record/poland-saves-on-pensions-to-cut-budget-deficit/
ESO: Background information: OECD calls for rapid rise in retirement age http://www.europeansources.info/record/oecd-calls-for-rapid-rise-in-retirement-age/

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