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IORP
Practical Law UK Glossary 5-535-8685
(Approx. 3 pages)
Glossary
IORP
Institution for occupational retirement provision. An EU term for a funded
occupational pension scheme
or similar workplace pension arrangement established separately from the sponsoring employer. IORPs are governed by
Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision
(often referred to as the
IORP directive
).