At the beginning of April, Professional Pensions reported that the European Commission had told the European Insurance and Occupational Pensions Authority (EIOPA) it wanted a revised Pensions Directive to require "consistent" recovery periods across all member states - a harmonised funding regime throughout the European Union.
As I pointed out at the time, there is some logic to this. When the Pensions or IORPs Directive was introduced in 2003, it was left to national governments to translate its requirements into law - ...
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