A large group of financial services trade associations— including PensionsEurope — has raised concerns in a joint letter to the European Commission regarding the current application timeline for new EU disclosure rules for sustainable investments and sustainability risks.

Yesterday EIOPA published four Opinions to assist National Competent Authorities (NCAs) in the implementation of the Institutions for Occupational Retirement Provisions - the IORP II Directive.

You can find PensionsEurope press release here.

PensionsEurope’s brochure “Europe needs to shift gears in pensions” contains PensionsEurope’s policy recommendations for the EU’s next 5-years programme by highlighting why supplementary pensions matter, and why and how EU policy needs to support supplementary pensions. It e.g. stresses that the EU should support the development and strengthening of supplementary pensions. Pension system design is a matter of national competence, but the EU should act as a facilitator to exchange information and best practices on how to ensure the long-term sustainability and adequacy of pension systems.

The brochure also contains various concrete proposals for the new EC. For instance, based on the outcome of the EC’s fitness check on the supervisory reporting, we expect concrete actions from the new EC. Furthermore, we invite the EC to include in its next 5-years programme our proposal on an EU tax register of recognised pension institutions. You can find our press release here.