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CBI slams EU's 'wrong-headed' pension plans

The Confederation of British Industry has urged the UK government to fight the Solvency II regulations because they will limit pension funds from investing in equities

The Confederation of British Industry has criticised the UK government for not doing enough to fight plans by the European regulator to limit the extent that pension funds and insurers can invest in equities.

The CBI is defending plans by the European Commission to treat defined pensions schemes as insurance contracts.

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