EU Pensions Law

Edited by Philip Bennett, Professor in Practice, Durham Law School, Durham University, UK and Hans van Meerten, Professor of European Pensions Law, Utrecht University, the Netherlands

Contents
PART I INTRODUCTION
1 Structure and context of EU Pensions Law 2
Philip Bennett
2 The sources of EU pensions law 10
Philip Bennett
3 The interaction of EU pensions law with national Member State law and, for the UK, retained EU law
post-Brexit 39
Philip Bennett
PART II THE IORP DIRECTIVE
IIA BACKGROUND TO THE IORP II DIRECTIVE
4 Origins of the IORP II Directive 84
Philip Bennett with contributor: Velina Pekova
IIB COMMENTARY ON THE ARTICLES OF THE IORP II DIRECTIVE
5 Title I – General provisions, Part 1 (Articles 1–5) 94
Hans van Meerten
6 Title 1 – General provisions, Part 2 (Articles 6–10) 116
Hans van Meerten
7 Title 1 – General provisions, Part 3 (Articles 11–12) 142
Hans van Meerten
8 Title 2 – Quantitative requirements: Technical provisions, their funding and regulatory own funds (Articles
13–14) 164
Hans van Meerten
9 Title 2 – Quantitative requirements: regulatory own funds and solvency margins (Articles 15–18) 178
Philip Bennett
10 Title 2 – Qualitative requirements: Investment rules (Article 19) 218
Philip Bennett
11 Title 3 – Part I – System of governance: Section 1 – General provisions: Articles 20–23 284
Philip Bennett
12 Title 3 – Part I – System of governance: Section 2 – Key functions (Articles 24–27) 308
Philip Bennett
13 Title 3 – Part I: System of governance: Section 3 – Documents concerning governance (Articles 28–30) 320
Philip Bennett
14 Title 3 – Part II: Outsourcing and investment management (Articles 31–32) 339
Hans van Meerten
15 Title 3 – Part III – Depositary (Articles 33–35) 352
Philip Bennett
16 Title 4 – Information to be given to prospective members, members and beneficiaries: Part I – General
provisions (Articles 36–37) 367
Hans van Meerten
17 Title 4 – Information to be given to prospective members, members and beneficiaries: Part II – Pension
benefit statement and supplementary information (Articles 38–40) 380
Hans van Meerten
18 Title 4 – Information to be given to prospective members, members and beneficiaries: Part III – Other
information and documents to be provided (Articles 41–44) 396
Hans van Meerten
19 Title 5 – Prudential supervision: Part I – General rules on prudential supervision (Articles 45–51) 412
Philip Bennett
20 Title 5 – Prudential supervision: Part II – Professional secrecy and exchange of information (Articles 52–59)
436
Philip Bennett
21 Title 6 – Final provisions (Articles 60–67) 458
Hans van Meerten
22 Comparison of Recitals of the IORP I and IORP II Directives 479
Philip Bennett
IIC ADDITIONAL IORP II INSIGHTS
23 Annexes to the IORP II Directive and general comments on its transposition 497
Philip Bennett
24 Role and powers of EIOPA 505
Hans van Meerten
25 Concluding remarks on the IORP II Directive 510
Philip Bennett
PART III SOME EU PENSION LAW THEMES
26 Solvency II and insurance company provided pensions 518
Arthur van den Hurk
27 Prudent person approaches and ESG 539
Arthur van den Hurk
28 Mobility of workers in the EU and pension rights: Light and shadows under Pillar I 570
Maria Cristina Degoli
29 The mobility of workers in the EU with regard to the acquisition and safeguarding of their pension rights
under Pillar 2 and Pillar 3 592
Francesco Briganti
30 EU State aid law and pensions 617
Steven Verschuur and Cecilia Sbrolli
31 Protection of Pillar 2 employee pension rights on employer insolvency in the EU 637
Philip Bennett and Hans van Meerten
Bibliography 647
Index 662