The revision of the pension fund directive, known as IORP II, does not seem to have achieved the desired result of facilitating cross-border activities. Instead, Member States have «goldplated» the Directive further frustrating cross-border activities. Recently, the Cross Border Benefits Alliance-Europe (CBBA-Europe) came with a proposal to introduce a new pan-European DC Occupational Pension vehicle called the «PEOP».
Click here to read the full article, written by Dr. Francesco Briganti, secretary general at CBBA-Europe and Dr. Sebastiaan Hooghiemstra, LL.M., associate in the investment funds practice of NautaDutilh Luxembourg and Senior Fellow/Guest Lecturer of the International Center for Financial Law & Governance at the Erasmus University Rotterdam.
Source: Agefi - December 2020