Statement on principles to mitigate the impact of COVID-19 on the occupational pensions sector in Europe

Dodano: 28-04-2020
Publikator: European Insurance and Occupational Pensions Authority

The European Insurance and Occupational Pensions Authority has issued a Statement on principles to mitigate the impact of COVID-19 on the occupational pensions sector.

The statement recognises the stabilising role that institutions for occupational retirement provision (IORPs) can play as long-term investors in the current economic climate.

The statement, addressed to national competent authorities, outlines principles related to:

  • Business continuity and operational risk
  • Liquidity position
  • Funding situation and pro-cyclicality
  • Protection of members and beneficiaries; and
  • Communication

EIOPA continues to work closely with national authorities to assess and mitigate the impact of the COVID-19 on the insurance and occupational pensions sector.

The Statement is available on the EIOPA’s website: https://www.eiopa.europa.eu/content/statement-principles-mitigate-impact-coronaviruscovid-19-occupational-pensions-sector_en

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