Today, PensionsEurope has submitted its response to EIOPA’s consultation on technical advice for the review of the IORP II Directive.
PensionsEurope stresses that the IORP II Directive needs to continue to be a minimum harmonization legislation and we are pleased to see that EIOPA does not envisage any changes in this. Any future revision of the IORP directive should be highly compliant with the principles of subsidiarity and proportionality. IORPs administer occupational pension and often social partners set up various types of IORPs. This existing diversity must be fully respected by European legislators, and the national occupational pension systems should not be harmed.
The full press release is available here.