The European Commission must scrap the idea of mandatory capital requirements for pension funds, Britain’s pension industry said, after a study found UK business could be hit with a 150 billion pound bill if they were introduced.
The Commission has championed capital rules such as Solvency II for the insurance industry – which requires companies to hold enough funds to pay out for a once-in-200-years catastrophe – in a bid to prevent a repeat of the financial crisis.
Reuters / 
Eiopa Assesment of pension funds