June 2021
17Jun

EIB Investment Report 2020/2021: Building a smart and green Europe in the COVID-19 era

By European Investment Bank The European Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital – and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms’ investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report’s analysis is based on a unique set of databases and...

June 17, 2021
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17Jun

2021 pension adequacy report Current and future income adequacy in old age in the EU. Volume I

By The 2021 Pension Adequacy Report (PAR) is the fourth edition of the report, prepared every 3 years by the Social Protection Committee (SPC) and the European Commission. The report aims to present a comparative analysis of the degree to which pension systems in the EU Member States enable older people to retire with an adequate income today and in the future, reflecting pension reforms, as well as underlying changes and current or future challenges in our societies. Since 2012, the...

June 17, 2021
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17Jun

Sustainable Pensions, Democratic Governance, and EU Law

By Ewan McGaughey The quality of democracy in our economy depends on the governance of capital, but Europeans are still deprived of real voice over their retirement money: the single biggest source of capital in the 21st century. This paper outlines three major problems facing EU pensions: precarious retirement, escalating inequality, and mounting climate damage. These problems start with the places where we work, the institutions that control our retirement savings, and the votes on shares that come with them....

June 17, 2021
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04Jun

EIOPA issues Guidelines on the supervisory reporting for the Pan-European Personal Pension Product

The European Insurance and Occupational Pensions Authority published today the Guidelines on the supervisory reporting regarding the Pan-European Personal Pension Product (PEPP) to ensure the common, uniform and consistent application of the PEPP Regulation's reporting requirements. The Guidelines complement the Delegated Regulation (EU) 2021/895 and the Delegated Regulation (EU) 2021/896 and regulate the applicable reporting deadlines for the PEPP providers to the competent authorities in line with the relevant sectoral rules in place. Furthermore, the Guidelines define the requirements of...

June 4, 2021
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May 2021
06May

Labour Force Survey in the EU, EFTA, United Kingdom and candidate countries

By Eurostat This report describes the main characteristics of the European Union Labour Force Survey (EU-LFS) conducted in 2019 in the Member States of the European Union (EU), three EFTA countries (Iceland, Norway and Switzerland), the United Kingdom and four candidate countries (Montenegro, North Macedonia, Serbia and Turkey). All of these countries provide Eurostat with EU-LFS microdata. The purpose of this report is to inform about the technical features of the surveys carried out in these countries, in order to...

May 6, 2021
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April 2021
26Apr

Multi-pillar pension systems can help EU address the ageing of European societies

Multi-pillar pension systems can help EU address the ageing of European societies Insurance Europe has today published its response to a consultation conducted by the European Commission on its green paper on ageing. Insurance Europe's contribution focuses specifically on the questions pertaining to pensions and long-term care, given the extensive expertise that insurers have in these areas. On pensions, the industry welcomes the Commission's efforts to boost adequacy in retirement income across Europe, as demographic changes are increasingly putting statutory pension...

April 26, 2021
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15Apr

US Corporate Pension Funding Nudges Higher in FY 2020

Robust returns of 13.4% for the 100 largest corporate pension plans in the US offset a 67-basis-point drop in the discount rate to raise the plans’ funded ratio to 88.4% last year from 87.5% at the end of 2019, according to consulting firm Milliman’s “2021 Corporate Pension Funding Study.” The funded levels rebounded strongly during the second half of the year after the bottoming out at 81% in July. “Corporate pensions demonstrated their resilience in 2020 amidst a turbulent year of...

April 15, 2021
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14Apr

EU insurance regulator cracks down on unit-linked policy costs

Insurers face stricter rules on selling products linked to the performance of stock or bond markets, in a bid to cut high costs for consumers, the European Union’s insurance regulator said on Tuesday. Insurers in the bloc collected premiums worth up to 340 billion euros ($404.33 billion) in 2019 from life insurance and pension premiums linked to the value of a stock, bond or property funds that cause the rates of return for investors to fluctuate. The EU’s European Insurance and...

April 14, 2021
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March 2021
23Mar

ESG Disclosure Rules From Europe Challenge U.S. Fund Managers

Scores of U.S. fund managers are being forced to comply with sweeping new European rules on climate and other sustainable-finance issues, requiring them to disclose the potential harm their investments could do to the environment and society. Fund companies including Vanguard Group, BlackRock Inc. and State Street Corp. that sell investment products in the European Union come under the new rules that took effect this month, though details are still being finalized. “There are many issues to be resolved, it is...

March 23, 2021
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February 2021
18Feb

“In Spain We Have The Funds With The Worst Profitability And They Are The Most Expensive”. Antonio Banda from Feelcapital

By The Corner Antonio Banda, CEO of Feelcapital, has already warned of the risk posed by the transposition into Spanish law of the Brussels rule that will allow the entry of pan-European funds. The rule, which comes into force next March, is “the great danger for Spanish fund managers”. Q: Following the modification of the taxation in pension plans, you commented that the real danger for national fund managers was the arrival of pan-European funds, why? A: The regulation on European Pension...

February 18, 2021
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