15 April 2014

EIOPA and National Bank of Slovakia hold a conference on personal pensions

The event was organised in the context of EIOPA’s work that has been initiated on request of the European Commission. It follows the publication in February 2014 of EIOPA’s preliminary report on the prudential regulation and consumer protection measures needed to create a single market for personal pensions.

Gabriel Bernardino, Chairman of EIOPA, indicated: "The creation of a single market for personal pensions in the EU can play an important role in filling the current "pension gap" and, thus, raising the overall adequacy of pensions for all EU citizens. Furthermore, it has the potential to mobilise more sustainable long-term investment into the EU economy.

The conference discussed regulatory changes that are needed to facilitate cross-border provision of personal pensions in order to improve the adequacy, sustainability and safety of pensions in Europe. Participants will speak about such challenges as the information needs of the personal pension plans holders, delivery of high-quality and low-cost pension solutions, and the possible influence of behavioural economics on the policy making process. The discussions should help to identify ways to deal with obstacles to the creation of a single market for personal pensions.

Press release

© EIOPA