The European Insurance and Occupational Pensions Authority published its 2025 report on cross-border activity by Institutions for Occupational Retirement Provision (IORPs) in the European Economic Area (EEA), finding that cross-border provision remains limited and continued to decline in 2024, with only 27 cross-border IORPs. EIOPA concludes that this trend indicates the IORP Directive’s objective of fostering a robust internal market for workplace pensions has not been achieved. The analysis highlights a high concentration of cross-border IORPs in a small number of home countries, alongside continued growth in the number of sponsoring undertakings participating in established multi-employer cross-border IORPs. Belgium remains the home country with the widest geographical coverage, with IORPs operating in 15 host countries, while the Netherlands hosts the largest number of cross-border IORPs established in other member states. Cross-border IORPs cover about 84,000 members and beneficiaries and manage around EUR 11.5 billion in assets, with membership slightly lower due to structural adjustments even as participation increased in most home countries.
European Insurance and Occupational Pensions Authority 2025-12-19
European Insurance and Occupational Pensions Authority reports cross-border IORPs in the EEA fell to 27 in 2024
The European Insurance and Occupational Pensions Authority's 2025 report shows limited and declining cross-border activity by Institutions for Occupational Retirement Provision (IORPs) in the European Economic Area, with only 27 cross-border IORPs. The IORP Directive's goal of a robust internal market for workplace pensions remains unmet. Despite a high concentration of cross-border IORPs in a few home countries, Belgium and the Netherlands lead in geographical coverage and number of cross-border IORPs, respectively.