Recast occupational pensions directive (IORP II)
At a Glance
15-11-2016
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 plenary session, aims to improve the governance, risk management, transparency and information provision of IORPs and help increase cross-border IORP activity.
At a Glance
About this document
Publication type
Author
Keyword
- amendment of a law
- cooperation policy
- cross-border cooperation
- demography and population
- EMPLOYMENT AND WORKING CONDITIONS
- FINANCE
- financial institution
- financial institutions and credit
- financing and investment
- frontier worker
- INTERNATIONAL RELATIONS
- labour market
- parliamentary proceedings
- pension scheme
- POLITICS
- population ageing
- regulation of investments
- social protection
- SOCIAL QUESTIONS
- supplementary pension