Council and Parliament adopt the revised directive on occupational pensions

In December, the Council of ministers of the EU has finally adopted the revised ‘Directive on Institutions for Occupational Retirement Provision’ (IORP-II), regulating occupational pensions, after the approval of the European Parliament in its plenary session. The directive aims to strengthen requirements on the protection of beneficiaries, mainly through improved information, transparency and governance requirements. AGE has been accompanying the revision process started in 2014 and welcomes the adoption of the revision, while regretting that important improvements have been left out of the proposal.
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