The European Federation for Retirement Provision has said that the remit of the EU’s new pension and insurance committees could “hamper” discussion on how finance issues fit with social and labour law. “Interestingly, the mandates of both committees prevent them from discussing social and labour law matters,” the EFRP says in its latest newsletter.
“Given that the IORP pensions directive expressly provides a framework for identifying and enforcing national rule in this area in cross-border contexts, unless a realistic attitude is taken, European pension funds will find that sensible discussion on how financial services issues and social and labour law policies fit together, is hampered.”
The EFRP says it is developing its relations with the European Commission’s two new occupational pensions committees.