EU Guides Pension Funds On Disclosures As Reform Looms
Law360, London (November 14, 2018, 1:59 PM GMT) -- Europe’s top insurance regulator has set out guidance for pension funds on how to provide annual statements to savers, shortly before the bloc's member states will be required to write sweeping retirement fund reforms into national rulebooks.
The European Insurance and Occupational Pensions Authority published guidelines late on Tuesday to help managers of pension funds draw up benefit statements under reforms to a directive known as the Institutions for Occupational Retirement Provision.
The statements must show the benefits accrued and projected gains to ensure that fund members can plan for retirement, EIOPA said. Pension fund managers will be required to ensure that...
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