IORP

Schemes and consultants have expressed serious concerns about plans to implement Solvency II-style rules across the European Union.

The Department for Work and Pensions has admitted it is ‘gravely concerned' over proposals to bring the IORP Directive more into line with the Solvency II.

The majority of European multinational companies would like to develop cross-border pensions but differing regulations among member states and uncertainty over changing European rules are giving plan sponsors pause, AEGON finds.

Andrew Short talks to the EU commissioner

European Union rules on the establishment of cross-border pensions must be simplified, Aon Hewitt believes.

How a 'bigger and better' IORP directive could pan out

Cross-border schemes are unlikely to make more than "very limited" progress because of the tax differences between member states in the EU, the Society of Pension Consultants says.

The European Commission has failed to make its case for a revised IORP directive and planned changes should be abandoned, the National Association of Pension Funds says.

The European Insurance and Occupational Pension Authority will seek industry comments on Europe's IORP directive as it prepares its advice to the European Commission.

The Work and Pensions Select Committee has postponed its inquiry into EU pension reforms until the autumn to give European officials time to publish its proposals.