January 2019
By Pieter Strik and Marvin Vervaart
IORP II reflects European regulators’ desire to create a stable, efficient and effective pension environment. It aims to enhance pension schemes’ governance, risk management and communications. The directive seeks to remove barriers to cross-border pension provision. It also places new emphasis on ESG-related risks.
— Pieter Strik, Product Manager, BNY Mellon
EU member states had until 13 January 2019 to transpose IORP II into national law. While the degree of change will vary by country, schemes across Europe ought to familiarise themselves with the directive to ensure a smooth transition to key requirements.
BNY Mellon’s new report, IORP II: Challenges and Opportunites, addresses:
— Hans Van Meerten, Member, EOPIA, Occupational Pensions Stakeholder Group
Ambitious and wide-reaching, IORP II is likely to herald further changes for the European pension industry. With BNY Mellon’s support, schemes will be well-placed to achieve their strategic goals as the European pension landscape continues to shift.
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