Regulatory Alerts2019-02-25
Added · Updated
European Pensions Directive 2016/2341/EU
Directive 2016/2341/EU imposes new governance, risk management, and disclosure obligations on pension institutions operating in the European Union. It mandates the establishment of key functions for risk management, actuarial duties, and internal audit, alongside a compulsory own-risk assessment every three years. The Directive also specifies procedures for cross-border value transfers to protect employee rights and requires public disclosure of remuneration policies, sanctions, and notifications regarding outsourced activities or serious malpractices.
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