11 October 2000

Commission Proposal on Pension Fund Directive

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The commission proposal is concerned with institutions operating occupational pension schemes. These are private schemes, usually seen as supplementing statutory social security schemes. It is essential to preserve a clear distinction between statutory social security and private/supplementary schemes. The main provisions of the proposed directive relate to the following areas:

application to institutions operating social security schemes;

operational application to institutions covered by Directive 79/267/EEC;

small pension schemes and statutory schemes;

conditions of operation;

disclosure of information;

technical provisions;

investment rules;

cross-border activites.

See also press release

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