The IORP II Directive is an EU Directive covering the activities and supervision of institutions that provide occupation retirement solutions. Designed to provide greater stability for the occupational pension landscape, it created specific structures intended to protect benefits for members of occupational pension schemes. It became law in April 2021.
IORP II affects all occupational pension schemes, and responsibility for compliance lies with scheme trustees. That means increased governance and responsibilities for trustees. On this page we've provided information that may help you explain the Directive to trustees and to your clients.
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