Invest Europe
Position Paper on the Supplementary Pensions Package
Positions & consultation responses
13 Feb 2026
The Institutions for Occupational Retirement Provision (IORP) Directive review offers an opportunity: decoupling the concept of prudence to investments in specific types of assets or sectors - notably listed or daily-traded instruments.
Prudence should be seen holistically. IORP – and the national legislation implementing it in practice - should designed to invite pension funds to construct well-diversified portfolios which meet their long-term liabilities, not portfolios that are mostly made up of low value, short-term assets.
Position paper
PDF: 0.16 MB
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