-The National Association of Pension Funds (NAPF), the Confederation of British Industry (CBI) and the Engineering Employers Federation (EEF) have written to the UK’s 87 MEPs, asking for a positive vote on the Pension Funds Directive.
According to them, “the Directive represents a hard-won compromise between differing viewpoints but there is now a danger that amendments may be proposed which could upset the delicate balance that has been achieved. If any changes are introduced at Second Reading to make the Directive more prescriptive and restrictive, UK interests are likely to be better served without it. It is therefore vitally important that the current text of this Directive passes unchanged. An amended Directive could harm UK pension schemes at a time when many of them are already under threat.”
The NAPF, the CBI and the EEF are urging UK MEPs to vote for the Directive as it currently stands. It is due to be discussed by the European and Monetary Affairs Committee of the European Parliament on 27 November.
Link to NAPF press release
© NAPF - National Association of Pension Funds
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