Occupational Pensions: EU Law

HM Treasury written question – answered on 26th May 2016.

Alert me about debates like this

Photo of Barry Gardiner Barry Gardiner Shadow Minister (Energy and Climate Change)

To ask Mr Chancellor of the Exchequer, what discussions his Department has had with other government departments on building greater consideration and transparency of climate risk for pension funds into Articles 20, 26 and 32 of the EU's revised Directive on Institutions for Occupational Retirement Provision.

Photo of Barry Gardiner Barry Gardiner Shadow Minister (Energy and Climate Change)

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential implications of the revised EU Directive on Institutions for Occupational Retirement Provisions for lowering the exposure of pension fund savers to climate change-related financial risk.

Photo of Barry Gardiner Barry Gardiner Shadow Minister (Energy and Climate Change)

To ask Mr Chancellor of the Exchequer, what the Government's priorities are for the negotiations on the revised EU Directive on Institutions for Occupational Retirement Provisions.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

The Government’s priority for the draft Directive is ensuring sound and proportionate regulation of occupational pension schemes, which respects differences in the national arrangements between Member States.

As is usual practice, an overall impact assessment for the draft Directive has been prepared by the EU institutions, and a national-level impact assessment will be prepared as and when the Directive is transposed into UK law.

The Government has approached negotiations on the Directive in line with the usual co-ordination process across departments.

Does this answer the above question?

Yes0 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.