June 2019

05Jun

EU. Union Investment unveils sustainable equity fund for Riester pension

Union Investment will be offering the sustainable equity fund UniSustainable Equity Global as a component of the Riester pension, effective 1 July 2019. The fund can be used as a substitute for UniGlobal Vorsorge or UniGlobal II. A change between the funds is possible at any time free of charge. UniSustainable Equities Global fund will take into account ethical, social and environmental criteria when selecting issuers. In addition, the focus will be on companies with sustainable core business and...

June 5, 2019
News, Slider,
Read more...

May 2019

31May

EU. Work-life balance initiatives can help to boost women’s employment and close the gender pay gap – EIGE

Work-life balance initiatives can help to boost women’s employment and close the gender pay gap, but only if both women and men have support from their employers. This is what European Institute for Gender Equality (EIGE) director Virginia Langbakk said on what transpired from the publication of a report by the same institute on Wednesday. The gender pay gap reveals the different realities that women and men face n their professional and personal lives. Currently, women across the EU...

May 31, 2019
News, Slider,
Read more...
23May

Pension adequacy in Europe the theme of our conference in September

The population is ageing in all EU countries. What kind of pensions can you expect to get in Europe? Are the schemes sustainable, both financially and socially? What is the European response to the related challenges? The conference Pension Adequacy in Europe – Today and Tomorrow, a side event of Finland’s EU presidency, will take place in Helsinki on 17 September 2019. It gathers European experts on pensions and pension policy. The conference looks at pension adequacy in Europe,...

May 23, 2019
News, Slider,
Read more...
17May

Selfies for Portugal- An innovative Pan European Retirement Solution

By Robert C. Merton, Arun Muralidhar, Rui Seybert P Ferreira With a rapidly aging population, Portugal faces some serious pension challenges including a Social Security system which is under pressure, and pension benefits gradually approaching levels that will require individuals to supplement Social Security with private savings. In addition, Portugal has a low rate of financial literacy and hence transferring the responsibility of retirement planning to the general population runs a major risk of many individuals retiring poor. While some...

May 17, 2019
Articles, Pension design, Pension Management, , , , , ,
Read more...

April 2019

16Apr

EIOPA identifies areas for improvement in the supervision of Prudent Person Rule compliance by institutions for occupational retirement provision

Peer review examined supervisory practices of national competent authorities in their assessment of how institutions for occupational retirement provision invest their capital in the best interest of their members and beneficiaries A risk-based approach or a risk-based approach complemented with quantitative limits is more effective than a compliance-based approach Supervisory practices are determined by legislative frameworks, types of scheme and the maturity of the pension industry The review resulted in 27 recommended actions for 19 NCAs in 16 countries...

April 16, 2019
News, Slider,
Read more...
05Apr

European Commission approves legal framework for Pan European Pension Products

1. What is the Pan-European Personal Pension Product (PEPP) and what is this new legislation about? The pan-European personal pension product (PEPP) is a voluntary personal pension scheme that will offer consumers a new pan-European option to save for retirement. This new type of product is designed to give savers more choice and provide them with more competitive products, while enjoying strong consumer protection. It could be offered by a broad range of financial providers such as insurance companies,...

April 5, 2019
News, Slider,
Read more...
02Apr

EU. Launch of EIOPA’s 2019 Occupational Pensions Stress Test Exercise

Crucial biennial exercise to assess the resilience and potential vulnerabilities of the European Defined Benefit and Defined Contribution pension sector Tailored to the specificities of the diverse European pension sector and its potential impact on financial stability Adverse market scenario mirrors the current risk outlook on financial markets For the first time, a European stress test includes an assessment of Environmental, Social and Governance (ESG) exposures Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched...

April 2, 2019
News, Slider,
Read more...

March 2019

27Mar

EIOPA determines principles for transparent, timely and clear information provision on pensions

​In the context of the implementation of the IORP II Directive, the European Insurance and Occupational Pensions Authority (EIOPA) published today a second "Report on Other Information to be provided to Prospective and Current Members: Guidance and Principles based on Current Practices". This report complements EIOPA's first report "Implementation of IORP II: Report on the Pension Benefit Statement: guidance and principles based on current practices", published on 13 November 2018. It analyses national practices existing prior to the implementation...

March 27, 2019
News, Slider,
Read more...
11Mar

EU and UK reach agreement over no-deal Brexit insurance rules

In case the UK withdraws from the EU without ratification of the withdrawal agreement, on March 30, 2019, the UK becomes a third country and UK insurance undertakings and distributors lose their right to conduct business across the EU27 Member States. This story is reprinted with permission from the Insurance Coverage Law Center, the industry’s only comprehensive digital resource designed for insurance coverage law professionals. Read more @Property Casualty360

March 11, 2019
News, Slider, ,
Read more...

February 2019

14Feb

Pensions: Council confirms agreement on pan-European pension product

EU institutions agreed new rules that will make it easier for people to put money aside for their retirement. EU ambassadors today endorsed the agreement reached between the presidency and the European Parliament on 13 December on the proposed 'pan-European pension product' (PEPP), a new class of personal pension scheme. The draft regulation is aimed at providing greater choice for people who wish to save for their retirement, and at the same time boosting the market for personal pensions....

February 14, 2019
News, Slider,
Read more...