The Pensions Regulator has revealed its approach to the cross-border requirements of the Occupational Pensions Directive, in a consultation document that will last for just four weeks.
As the final regulations for the cross-border requirements will be published by the Department for Work and Pensions (DWP) at the end of the year, the Pensions Regulator claims a consultation period of the normal length of 12 weeks would mean the directive would be implemented in the UK without the Pensions Regulator’s approach being finalised. In the consultation paper, the regulator states its overall approach would be to welcome and encourage applications from schemes wanting to operate cross-border, adding these will be supported by technical expertise and will not be hindered by proc...
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