08/12/2016 (Agence Europe) – On Thursday 8 December, the Council of the EU formally adopted the inter-institutional agreement on the revision of the 'occupational pension institutions' directive (IORP II) (see EUROPE 11675 and 11584). The legislative revision brings in rules to cover cross-border transfers of occupational pension schemes, for the first time ever. The pension statement sent out regularly to the beneficiaries has also been clarified and improved. Member states have two...