Recast occupational pensions directive (IORP II)

The Institutions for Occupational Retirement Provision (IORP) Directive, from 2003, covers certain occupational pension savings. IORPs hold assets worth €2.5 trillion on behalf of around 75 million Europeans and are found mainly in the United Kingdom (55.9 % of IORP assets) and the Netherlands (30.7 %). Around a further 10 % of IORP assets are in Germany (4.5 %), Italy (2.8 %) and Ireland (2.4 %). The proposed revision (known as IORP II), to be debated during the Parliament's November 2016 plenary session, aims to improve the governance, risk management, transparency and information provision of IORPs and help increase cross-border IORP activity.

Author: David Eatock

• Primary Source

ESO: Background information: Occupational pensions: Revision of the Institutions for Occupational Retirement Provision Directive (IORP II) http://www.europeansources.info/record/occupational-pensions-revision-of-the-institutions-for-occupational-retirement-provision-directive-iorp-ii/

ESO: Background information: Proposal for a Directive of the European Parliament and of the Council on the activities and supervision of institutions for occupational retirement provision (recast) http://www.europeansources.info/record/proposal-for-a-directive-of-the-european-parliament-and-of-the-council-on-the-activities-and-supervision-of-institutions-for-occupational-retirement-provision-recast/

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