PensionsEurope warns about detrimental effects of capital solvency requirements

7 October 2016 - The Norwegian government plans to introduce a simplified Solvency II requirement for pension funds in January 2018. PensionsEurope warns that Solvency capital requirements at national or at EU level would have significant negative impacts on pension funds, sponsors, and members. They significantly increase pension funds’ costs and decrease their possibilities to invest long term in real economy and to contribute to jobs and growth in Europe. Furthermore, they decrease the willingness of employers to provide occupational pension schemes, and therefore, also the future coverage of occupational pension schemes. You can read the press release here