At the 2007 European Federation for Retirement Provision’s (EFRP1) Congress in Frankfurt, the EFRP published its view on applying the EU solvency rules used for insurance companies (known as Solvency 2) to pension schemes. The paper1 outlines why the same funding rules for insurance companies should not be applied to pension schemes. The National Association of Pensions Funds’ (NAPF) Director of Policy, Nigel Peaple, said: “The NAPF fully supports the view that it would not make sense simply to copy insurance regulation and apply it to pension funds.

NAPF welcomes European report on funding rules for funding schemes / EFRP / Press Release / Press Release on IORP Directive