| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/02/820 (5.6.02) |
| Publication Date | 05/06/2002 |
| Content Type | News |
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The European Commission welcomed the political agreement reached at the Council of Economics and Finance Ministers meeting on 4 June 2002 on the substance of the proposal for a pension funds Directive. The proposed Directive on institutions for occupational retirement provision (pension funds, superannuation schemes, etc) was put forward by the European Commission in October 2000. The aim is to create at the level of the European union a prudential framework strong enough to protect the rights of future pensioners and to increase the affordability of occupational pensions. The proposal for a Directive also seeks to enable an institution in one Member State to manage company pension schemes in other Member States. The Council should now be able swiftly to reach a full common position. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/02/820&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Employment and Social Affairs, Internal Markets |
| Countries / Regions | Europe |
