Long-term financing of the EU economy Green Paper - NAPF comment

25 March 2013

NAPF Chief Executive Joanne Segars said: "This is an important paper which recognises the major role that pension funds can play as long-term investors".

"We are pleased that European legislators are exploring how pension funds can invest more in infrastructure, including addressing regulatory barriers. And we also welcome the attention on improving relationships between asset owners and asset managers, and developing incentives to promote greater long-term shareholder engagement. The Commission is starting to see that some of its other legislative proposals risk undermining saving and investment. We are particularly encouraged by the explicit recognition that the new EU Pensions Directive should not discourage sustainable long-term financing. This gives us hope that Solvency-II type rules for pensions will not be part of the Commission’s plans.”

Press release

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