MIFID II – top five actions that pension schemes need to take
The European Union’s revised Markets in Financial Instruments Directive and Markets in Financial Instruments Regulation (together MiFID II) will start to apply from 3rd January 2018. MiFID II introduces a wide-ranging series of changes affecting financial services regulation in the EU. These changes will impact on UK pension schemes and the way in which they use and pay for fund management services. Trustees, scheme managers and other senior decision-makers will need to be aware of, and take action on, these issues.
This document is designed to support you in thinking about what action you might need to take both in the run-up to the MiFID II implementation deadline and in the first few months afterwards.