Pensions

Pensions

This Overview is a guide to the content within the Pensions (EU Law) subtopic with links to the appropriate materials. This subtopic examines EU level rules relating to pensions and includes guidance on cross-border pension schemes before IP completion day, UK EMIR, derivatives and pensions, Equalisation and Barber—the pensions implications, the Pan-European Pensions Product, the IORP II Directive and pensions, and the Test-Achats case—the pension implications.

Cross-border pension schemes before IP completion day

Practice Note: Cross-border pension schemes before IP completion day considers cross-border pension schemes (also known as ‘pan-European pension schemes’) as they operated in the UK before IP completion day, including the reasons for wanting to establish such a scheme, the requirements that such schemes had to satisfy pre-IP completion day, how cross-border legislation applied to cross-border transfers

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest EU Law News

Commission calls for evidence on EU Industrial Maritime and Ports strategies

The European Commission has launched parallel consultations on two new maritime sector initiatives: an EU Ports Strategy and an EU Industrial Maritime Strategy. The Ports Strategy aims to address competitiveness, energy transition, security and innovation challenges for European ports, while providing recommendations and guidance to stakeholders. The Industrial Maritime Strategy focuses on strengthening the competitiveness and sustainability of Europe's waterborne manufacturing sector during its green and digital transformation. Both initiatives will outline measures for innovation and investment support. The consultation period for both strategies runs from 30 June 2025 to 28 July 2025.

Danish Presidency of Council of the EU publishes presidency programme

The Danish Presidency of the Council of the EU has published its programme for 1 July to 31 December 2025, outlining its priorities and direction under the presidency's focus on ‘A strong Europe in a changing world’. The presidency aims to strengthen the EU’s capacity to act autonomously amid growing global instability by focusing on security, competitiveness and the green transition. Legislative efforts will prioritise bolstering defence, economic resilience, and climate neutrality. Additionally, the presidency seeks to reduce regulatory burdens and promote EU enlargement. Full details are available in the programme document and more details can be found below.

EBA publishes final guidelines on residential ADC exposures under CRR

The European Banking Authority (EBA) has published its final Guidelines on the treatment of Acquisition, Development and Construction (ADC) exposures to residential property under the Capital Requirements Regulation (Regulation (EU) No 575/2013) (CRR). The Guidelines specify the conditions under which institutions may apply a 100% risk weight, instead of 150%, to ADC exposures that meet defined credit risk mitigation requirements. These include a requirement that at least 50% of total contracts are pre-sale, pre-lease, or sale and lease contracts with specified deposit thresholds, and that the obligor has substantial equity at risk—set at 25% of the property’s value upon completion, reduced from 35% following consultation feedback and QIS data. The Guidelines also introduce more flexibility for public housing projects, allowing the first condition to be met based on demand exceeding supply and reducing the equity requirement to 20%, with a broader scope of eligible equity. These Guidelines form part of the first phase of the EBA’s roadmap on credit risk implementation of the EU Banking Package.

Commission adopts Delegated Regulation for identifying main risk drivers under CRR

The European Commission has adopted a Delegated Regulation supplementing the Capital Requirements Regulation (EU) 575/2013 (CRR), establishing a standardised approach for identifying the main risk driver of a financial position and determining whether a transaction constitutes a long or short position. The Delegated Regulation, which will apply from 21 July 2025, is accompanied by an annex that provides detailed tables to support the identification of risk drivers based on factors such as maturity, credit quality and sector. The framework is intended to support more transparent and consistent risk assessments across the EU banking sector.