Pensions Reform in the European Union: Recent Developments after the Implementation of the IORP Directive

Pensions: An International Journal, Vol. 14, No. 4, 2009

14 Pages Posted: 12 Nov 2009 Last revised: 15 Nov 2013

See all articles by Hans van Meerten

Hans van Meerten

Utrecht University - Utrecht Centre for Shared Regulation and Enforcement in Europe – RENFORCE

Date Written: November 1, 2009

Abstract

The turmoil in the fi nancial markets also has consequences for pension institutions. Evidently, many pension funds have lost a great deal of their assets. Another consequence is less often highlighted: the impact of the crisis on the (cross-border) activity of Institutions for Occupational Retirement Provision (IORPs). This article will mainly deal with recent developments during and after the implementation of the IORP Directive. We will discuss some key aspects of the Directive and the way in which these aspects have been implemented in several EU Member States. We will find that many Member States see opportunities in the Directive, but that the crisis, (legal) uncertainty and incompleteness of the Directive can and / or will be an obstacle to the free movement of pension institutions in the European Union.

Keywords: pensions, IORP, EU, services

Suggested Citation

Meerten, Hans Van, Pensions Reform in the European Union: Recent Developments after the Implementation of the IORP Directive (November 1, 2009). Pensions: An International Journal, Vol. 14, No. 4, 2009, Available at SSRN: https://ssrn.com/abstract=1503949

Hans Van Meerten (Contact Author)

Utrecht University - Utrecht Centre for Shared Regulation and Enforcement in Europe – RENFORCE ( email )

Achter Sint Pieter 200
Utrecht, 3512 HT
Netherlands

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