1 November 2011
The European Commission has asked the European Insurance and Occupational Pensions Authority (EIOPA) to review the 2003 European Directive for the activities and supervision of Institutions for Occupational Retirement Provision (IORP) – Solvency 2. The outcome of this process is likely to drive the shape of the UK pensions industry for at least the next ten years and is therefore of vital importance.
On 25 October, EIOPA issued a comprehensive paper: “Response to Call for Advice on the review of Directive 2003/41/EC: second consultation” into a consultation period that will run through until 2 January 2012 and it is important that stakeholders obtain an impact analysis and, if considered necessary, comment to EIOPA.
The EIOPA Consultation page can be accessed here.