The social partners and industry are satisfied with the future European rules governing occupational pension institutions, to be confirmed by the European Parliament on Tuesday 22 November (see EUROPE 11584).
No fewer than nine organisations representing the industry (AEIP, EAPSPI, EFAMA, Invest Europe, Pensions Europe), employers (BusinessEurope, UEAPME, CEEP) and the unions (ETUC) particularly welcomed the fact that the revised directive brings in no new capital requirements for pension funds or plans to introduce any in the future at EU level.
On Friday 18 November, these organisations issued a press release stressing that the representatives of employers, workers and industry welcomed the fact that the revised rules respect the diversity of the European pensions landscape and that the occupational pensions institution, which are deeply rooted in the national social security regimes, pursue a social objective first and foremost. They call for a legislative break in this area. (Original version in French by Mathieu Bion)