Press Releases

08 February 2008

Commenting on the news that the European Commission has indicated that Solvency II rules are unlikely to be applied to pension funds, Jane Beverley, Principal at Punter Southall comments:

“I am delighted to join the chorus of approval for Commissioner McCreevy’s words to the Insurance Institute of London. Applying Solvency II (or any similar regime) to pensions would have the opposite effect to that intended. Protection comes at a price, and members of defined benefit pension schemes would not thank the EU if that price was the closure of their scheme.”

For more information or to speak to Punter Southall, please contact:

Penrose Financial

Sarah Caddy

020 7786 4819

sarahc@penrose.co.uk

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