Featured Topics
Regions
Magazine Archive
For more information about PLANSPONSOR Europe
James RedgraveManaging Editor Tel:+44(0)2073973802Tel:+44(0)7817305075EMAIL
Graham SimonsNews Editor Tel:+44(0)2073973801 EMAIL
Daljit S. SokhiOnline Sales Manager Tel:+44(0)2073973809 Mob:+44(0)7792419482EMAIL
Robert W. JonesGlobal Publisher Tel:203-595-3174EMAIL
PLANSPONSOR Europe
is also available in a digital edition.
Check it out HERE
Where Do you Go for Financial Advice?
Got News?
If you have news of interest to plan sponsors, email us at news@plansponsoreurope.com
In an exclusive interview at the UK Parliament Lewis told PLANSPONSOR Europe that Van Hulle’s evidence to the Select Committee last Monday would suggest that his view is that the Commission “could not, would not and should not” implement any one policy that would be detrimental to pension funds “any individual member state”. In uncorrected evidence which is open for corrections up until 4th MayVan Hulle said: “The objective of this reform is not to damage the pensions industry. On the contrary, it is there to make sure that occupational pension funds can thrive, because the Commission believes—and this is what my colleague also said—that occupational pension funds are an essential feature of pension provision throughout the European Union. We need options, and therefore the objective can never be to have a system that is to the detriment of the pension funds.” Seeking confirmation, Lewis said: “In an individual member state.” To which Van Hulle answered : “In an individual member state.” Lewis added: “They are very much consulting on whether this is workable and what would make the industry better. He [Van Hulle] was very, very evasive on specifics. “He was really quite hard work to nail him down on not implementing anything that would be detrimental to the individual state. “The more they look at it they must be finding that you can’t do this to the pensions industry. It just doesn’t work particularly in this country with the protections we have already got.”
In an exclusive interview at the UK Parliament Lewis told PLANSPONSOR Europe that Van Hulle’s evidence to the Select Committee last Monday would suggest that his view is that the Commission “could not, would not and should not” implement any one policy that would be detrimental to pension funds “any individual member state”.
In uncorrected evidence which is open for corrections up until 4th MayVan Hulle said: “The objective of this reform is not to damage the pensions industry. On the contrary, it is there to make sure that occupational pension funds can thrive, because the Commission believes—and this is what my colleague also said—that occupational pension funds are an essential feature of pension provision throughout the European Union. We need options, and therefore the objective can never be to have a system that is to the detriment of the pension funds.”
Seeking confirmation, Lewis said: “In an individual member state.”
To which Van Hulle answered : “In an individual member state.”
Lewis added: “They are very much consulting on whether this is workable and what would make the industry better. He [Van Hulle] was very, very evasive on specifics. “He was really quite hard work to nail him down on not implementing anything that would be detrimental to the individual state. “The more they look at it they must be finding that you can’t do this to the pensions industry. It just doesn’t work particularly in this country with the protections we have already got.”
Graham Simonseditors@plansponsoreurope.com