Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the Government's priorities are for the negotiations on the revised EU Directive on Institutions for Occupational Retirement Provisions.

The Government’s priority for the draft Directive is ensuring sound and proportionate regulation of occupational pension schemes, which respects differences in the national arrangements between Member States.

As is usual practice, an overall impact assessment for the draft Directive has been prepared by the EU institutions, and a national-level impact assessment will be prepared as and when the Directive is transposed into UK law.

The Government has approached negotiations on the Directive in line with the usual co-ordination process across departments.