EU told to rethink rules on annuities

Article reports that leading providers of annuities are calling for a rethink of sweeping new European Union solvency rules that could force them to hold billions of pounds of extra capital and cut annuity pay-outs to pensioners.

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

ESO: Background information: Insurers warn Brussels against weaker reform of supervision / Insurers’ plan in disarray http://www.europeansources.info/record/insurers-warn-brussels-against-weaker-reform-of-supervision-insurers-plan-in-disarray/

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