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EU Cross-Border Pension Reforms Set To Kick In Sunday

Law360 (January 11, 2019, 5:55 PM EST) -- After two years of planning, sweeping new rules geared towards improving the clarity and management of workplace pension funds will come into effect across the European Union on Sunday as member states write reforms on retirement funds into their national rule books.

The Institutions for Occupational Retirement Provision II Directive tightens controls on fund providers transferring portfolios across borders and also imposes new rules for pension funds when assessing risk.

The rules, which were adopted by the EU in December 2016, come into effect Jan. 13 and are meant to make it easier to access pensions by making it easier for...

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