Business · Economy · 1 hr ago
EU drops plan to require pension funds to invest 2% in venture capital
The European Commission has dropped a proposed 2% venture-capital requirement for pension funds.
The plan would have required these funds to invest part of their money in venture capital, which backs companies with the potential to grow.
Pension funds manage savings intended to provide people with retirement income.
The proposal was part of a wider EU effort to encourage investment in venture capital.
Dropping the requirement means pension funds will not be bound by this proposed minimum.
The available information does not say what the Commission will do next.
The EU has dropped a plan to require pension funds to invest 2% in venture capital.
The proposal concerned pension funds.
The proposed investment share was 2%.
The source does not give a reason for dropping the plan.
- Who
- The EU dropped the plan, which would have applied to pension funds.
- What
- The EU dropped a plan to require pension funds to invest 2% in venture capital.
- When
- Not stated.
- Where
- Brussels is named in the headline; a more specific location is not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Plan status
- Dropped by the EU
- Proposed investment
- 2%
- Investment type
- Venture capital
- Affected institutions
- Pension funds