EU to take UK to court over IORP directive

clock

The UK has been referred to the European Court of Justice for not fully implementing an internal EU Directive on pensions.

In April, the European Commission issued infringement proceedings against the UK and 10 other EU states for failing to fully introduce Directive 2003/41/EC on the activities and supervision of Institutions for Occupational Retirement Provision (IORP Directive) into national law. The 11 states, which also included France, Spain and Italy, had two months to comply with the ‘reasoned opinions’ brought against them, however as the UK and Slovenia both failed to reply to the notices, the Commission has now referred the two countries to the European Court of Justice for the next stage of infrin...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read
Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read