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UNI Europa Commerce and its social partner, Eurocommerce have issued a joint statement on the revision of the IORP (occupational pensions) Directive, which has been sent to the Commission and members of the European Parliament’s ECON and EMPL committees. Uni Europa and Eurocommerce call upon the Commission to refrain from extending the capital adequacy requirements under the Solvency II Directive to institutions for occupational pensions.



It is important that occupational pensions continue to represent a significant and increasing share of pension schemes in Europe, which allow people to maintain good living standards after a long working life. The focus needs to be on encouraging people to join good quality pension funds and make adequate provision for retirement.



They believe that a top priority for every Single Market intervention on occupational pensions should be the respect and promotion of the unique character of IORPs as part of the European Social Model.



The Joint Statement can be accessed in the Related Files tab.