EU pensions plans
11 February 2015
- Letter from Economic Secretary to Committee (dated 14 December)
- Reply from Committee (dated 10 February)
- Political dialogue contribution to the European Commission (dated 17 November)
- The principle of subsidiarity
- The draft Directive on IPEX
Scrutiny of the proposal
The Committee has been scrutinising the proposal for a Directive on the activities and supervision of institutions for occupational retirement provision (COM(2014)0167) since it was published in the spring of 2014.
Owing to government delays in the scrutiny process, the House of Lords was not able to issue a Reasoned Opinion on the proposal before the deadline. However, in November, the Committee wrote to the Commission setting out its concerns that the draft proposal breached the principle of subsidiarity: that action should only be taken at EU level if national measures cannot achieve the desired aim. A response to this letter is awaited.
The Committee will continue to scrutinise the proposal as negotiations progress.