New pension regulations: what conversations are underway?

May 25, 2023 was the closing date for responses to EIOPA's consultation on the review of the IORP II Directive. on the review of the IORP II Directive, which regulates the activities of European European pension funds. This Directive came into being in 2016 after a lively debate in a Europe that still counted the United Kingdom among its members. Initially based on the Solvency II model, it has partially retained the second and third pillars dealing respectively with governance and governance and reporting. Transposed into national law in 2019, it is already subject to a review a review that may prove profound depending on the final political arbitrations.

One clear conclusion is that pension fund-related institutions which have not yet embraced ESG will find themselves suddenly launched two squares forward on the chessboard, as they rush to integrate ESG into the overall governance of how they manage or administer pension assets and plans.

The pension institutions are very diverse in size and organization throughout Europe, the European Insurance and Occupational Pensions Authority states it is not pursuing a one-size-fits-all solution. Some institutions might nevertheless be impacted by the number of additional procedures and reporting requirements proposed in the Directive.

Read our note on the topic and make your opinion yourself on how you could be impacted.

See our new thought paper
IORP II Directive: What does it mean for European pension fund?


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