The European pensions industry is divided on tough new funding rules being considered by the European Commission, which some investors fear could force them to dump billions of euros of equities and destabilise stock markets. Conversely, others welcome the move.
Speakers at an industry conference in Paris this morning, including representatives of some of Europeâs largest pension funds, disagreed on how far the new regulations, known as Solvency II, should go. The conference is run by French business school Edhec.