The current low-interest rate environment and the Quantitative Easing (QE) policy of the ECB put severe pressure on both Defined Benefit (DB) and Defined Contributions (DC) pensions funds. While PensionsEurope does not question the ECB monetary policy as such, we warn against the damaging impact of QE on pension funds and European pensioners. We therefore call the national and European regulators to consider this issue. PensionsEurope also provides some recommendations in order to find an adequate balance between the short/medium term challenging environment and the sustainability of pension promises.
You can find the paper here