NAPF comment on the EU Review of the IORP Directive

26 October 2011

The National Association of Pension Funds commented on the launch of the European Insurance and Occupational Pensions Authority's consultation on changes to the Institutions for Occupational Retirement Provision Directive.

Darren Philp, NAPF Director of Policy, said: “We have now reached an extremely important stage in the EU's review of the Directive covering occupational pensions. The NAPF and its members will be playing a leading role in explaining why Solvency II is not appropriate for UK pension schemes and that its introduction would seriously undermine Defined Benefit pensions.“

“We hope that EIOPA will realise the unsuitability of these rules and that it will make this clear to the European Commission."

Press release

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