Abstract
This chapter deals with the general provisions on information about the pension scheme that IORPs must, under Articles 36 and 37, provide to their members. Member States must ensure that every IORP registered in their territory provides clear and regularly updated information to prospective members, members and beneficiaries written in clear, succinct and comprehensible language, free of charge and by electronic or paper means. Member States must also ensure that each IORP provides sufficient information to members and beneficiaries about the relevant pension scheme, including the IORP’s name, investment profile, financial risks, guarantees, benefit reduction mechanisms, costs, retirement options and transfer arrangements. IORPs must also inform members of investment options and changes to pension scheme rules.
| Original language | English |
|---|---|
| Title of host publication | EU Pensions Law |
| Subtitle of host publication | A Commentary and Practitioner’s Guide |
| Editors | Philip Bennett, Hans van Meerten |
| Publisher | Edward Elgar Publishing |
| Chapter | 16 |
| Pages | 372-384 |
| Number of pages | 13 |
| ISBN (Electronic) | 9781802200225 |
| ISBN (Print) | 9781802200218 |
| DOIs | |
| Publication status | Published - 5 Dec 2024 |
Bibliographical note
Publisher Copyright:© 2024 Edward Elgar Publishing.
Keywords
- IORP clear information to members
- IORP II Article 36
- IORP II Article 37
- IORP information to members about costs
- IORP information to members without charge
- IORP mandatory information to members