PensionsEurope welcomes the opportunity to comment on the IFRS consultation regarding the developing disclosure requirements and proposed amendments to IFRS 13 and IAS 19. PensionsEurope believes that the note disclosures with regards to pension plans are already very comprehensive in current annual financial statements. Most of the information disclosed in the notes already covers the proposed disclosure objectives. For this reason, it is unclear how the new concept should better meet the users' needs. Furthermore, PensionsEurope believes that any structured disclosure process needs checklists to decide which information will not be provided due to materiality reasons. Therefore, a checklist approach has its advantages You can read our answer and explanation here.
On 16 December 2021 PensionsEurope answered to the ESAs’ Call for evidence on the European Commission mandate regarding the PRIIPs Regulation advocating that the scope of the PRIIPs Regulation should not be extended to pension products. You can read our answer and explanation here.
On 1 December 2021, PensionsEurope hosted its webinar Investing in the Future as part of the inaugural European Retirement Week (29 November - 3 December), an initiative by 11 European associations to provide a platform for a wide range of stakeholders to debate the future of pensions in Europe and to raise citizens’ awareness of the need to save for retirement. Pension adequacy is crucial to address Europe's savings gap and one of the first steps to achieve this is to raise public awareness of the need for long-term savings and returns.
During the seminar, PensionsEurope built on its programme "Investing in the Future", that was created earlier this year and launched at the PensionsEurope annual conference 2021, and stimulated the debate on pension oppoortunities and planning, alternative investments and the challenges and trends for 2021 and beyond. In a second session, we learnt more about Pension Tracking Services (PTS) and Dashboards, with EIOPA sharing how these could be developed and a case study on PTS from Sweden, followed by a panel discussion.