Pensions - Articles - IORP II agreement: Risk of regulatory arbitrage


Commenting on the recent trialogue agreement on the Institutions for Occupational Retirement Provision (IORP) Directive reached by the EU institutions, Nicolas Jeanmart, head of personal insurance, general insurance & macroeconomics at Insurance Europe, said:

 “Occupational pensions play a key role in providing adequate retirement income to EU workers. It is therefore important that all workers have access to quality occupational pensions, managed in a professional and transparent way, irrespective of whether they are provided by IORPs or by insurers, both significant providers of occupational pensions.

 “In particular, it is important for members and beneficiaries to understand the nature of the product they are offered and the risks they face. It is good to see that the trialogue agreement will require IORPs to ensure a good level of transparency contributing to those objectives.

 “That being said, the trialogue agreement is concerning because it does not ensure a consistent regulatory response to cases of under-funding of IORPs’ cross-border activities, entailing a risk of regulatory arbitrage. It is therefore of vital importance that member states make the right decisions when implementing the directive in order to protect EU citizens’ occupational pensions.”
  

 
  

Back to Index


Similar News to this Story

94 percent view State Pension as an entitlement not benefit
Majority of adults aged 66+ say that Triple Lock is affordable and fair to older generations. Around one in seven rely on the State Pension to provide
Fair play off the pitch
Male players in the English Premier League earn an average of more than £3 million per year, while their female counterparts average around £47,000. T
Why Bitcoin matters to Pension Schemes
Back in November 2024, Cartwright Pension Trusts announced its role in facilitating the first-ever UK DB pension trust investment in Bitcoin. With the

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.