EIOPA's pensions stakeholder group is to launch a sub-committee devoted to questions of pension fund solvency.
The new Occupational Pensions Stakeholder Group (OPSG) last week named Benne van Popta as its chair, replacing Chris Verhaegen after one term, while PensionsEurope secretary general Matti Leppälä was elected vice-chair.
EIOPA has since confirmed the appointments, and, in a statement issued by the regulator, Van Popta said: “I have been involved in pension reform debates at a national, European and international level, dealing with issues of solvency, governance, disclosure, macro-economic, regulatory and personal pensions".
Noting EIOPA’s wish to conduct five consultations relating to the holistic balance sheet (HBS) by the summer of next year, the second source told IPE an agreement was reached to launch a sub-group on solvency issues.
EIOPA also hoped to push ahead with stress-testing of occupational pension funds, as announced in March, an undertaking the source said would prove “difficult” – precisely because of the absence of a uniform solvency framework across Europe.
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