EIOPA - Blind or Just Short Sighted?

Dear Pensions Industry

We here at the European Insurance and Occupational Pensions Authority really love you guys. We want to work more closely. So please willyou pay us some money so we can help you? We’ve given you Solvency II. That went well. And now we want to do more for you. More regulations! More directives! You’ll love it!

So pay up. Please.

Love, EIOPA

That’s the latest story to come out of this myopically challenged EU quango. Really?! Do they not get it? They have totally messed up on Solvency II. It cost us an amazing amount in time and energy just to pushback on over 500 pages of short sighted proposals. If they had been enacted, it would more than likely have destroyed UK pensions.

And now they want us to pay them to bully us some more. Hmmm.