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National Association of Pension Funds: NAPF Comment on the EU Review of the IORP directive

( October 27, 2011, 14:23 GMT | Official Statement) -- MLex Summary: The UK's National Association of Pension Funds (NAPF) has criticised advice giiven to the European Commission by the European Insurance and Occupational Pensions Authority (Eiopa) on changes to the Institutions for Occupational Retirement Provision directive. The advice (read it here) recommends Solvency II style rules for pension supervision which NAPF said would seriously undermine Determined Benefit Pensions.Full press release follows below...

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