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Mensuel de mars 2020 - Assurances

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IORPs facing new legal requirements
By Pedro RIBEIRO, Senior Consultant, Finalyse Luxembourg   Following the introduction of Solvency 2, the European Commission and Council have decided to continue their efforts to develop a common regulatory framework for the financial industry to strengthen its governance. On 13th January 2017, the regulators laid down a new milestone in the pensions market with IORP2, the new directive that replaced the existing and much amended directive 2003/41/CE. This new directive had to be transposed into national laws before 13th January 2019.   How do pension funds work   Institutions for occupational retirement provisions, frequently called pension funds, are financial institutions that manage collective retirement schemes for...
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