EU restricts pension funds

limited access to alternative assets could cost institutions millions, according to aon consulting

The Government's interpretation of the EU Pensions Directive threatens to restrict the investment options open to UK pension funds and could potentially cost them millions of pounds through lost investment opportunities, according to Aon Consulting. The pensions consulting firm believes restrictions proposed in the draft Occupational Pension Schemes (investment) Regulations 2005 could stop pension funds investing in alternative assets. The Government has been actively encouraging funds to consider such investments in recent times, particularly after the publication of the Myners report, a ...