EU pension directive could cost £210m a year - DWP

Following the publication of a draft Directive from the European Commission in October, the DWP issued the report to gauge industry views on the potential impact of the directive on UK pension schemes, and to help it in negotiations with other member states. The Portability Directive has four key elements relating to the acquisition of pension rights, preservation of dormant rights, transfers and information. In the introduction to the consultation, which will close on the 13 March, the DWP says it’s negotiations, on the Directive, aim to limit any adverse cost impact on supplementary p...