Council Conclusion on Pension Fund Directive

07 May 2001

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The Council considers that the Directive should promote:

the affordability of pension schemes and the provision of a high level of protection of the rights of present and future pensioners as well as the facilitation of cross-border activity by IORPs;

the delivery of the European Council's economic reform goals;

cross-border membership based on mutual recognition of national prudential systems complemented by regulatory and supervisory co-operation to ensure effective enforcement of relevant social and labour laws in the state of the pension rights holder.

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