Implementation of the IORP II Directive
As of 13 January 2019, the IORP II Directive has been implemented in Dutch legislation, which sets among others additional requirements for pension funds regarding governance and the provision of information. One of the changes of IORP II which impacts Dutch pension funds the most, is the requirement to embed three key functions within the governance structure of the fund: the risk-management function, the internal audit function and the actuarial function.
We have advised several pension fund on the implementation of key functions. Furthermore, we assist key function holders in a broad range of issues. Within our team, we have the expertise and experience to assist in and advice on the embedding of these key functions within your pension fund.