The European Insurance and Occupational Pension Authority (EIOPA) is looking for comments from the industry on Europe’s Institutions for Occupational Retirement Provisions (IORPs) directive, Global Pensions reports. The directive seeks to build an internal market for occupational pension funds in Europe and help promote cross border pensions.
The comments will be regarding the scope of the IORP directive, the definition of cross-border activity, labor law, governance requirements and other aspects of the directive. The European Commission has given the body a December 2011 deadline to get feedback on the legislative framework.
Click here for the story from Global Pensions.