Working Groups and Standing Committee
The Working Group Long-Term Sustainable Investment was established following the European Commission’s Action Plan on Sustainable Finance (2018). Over the past years, there has been an increase in sustainable finance regulations and directives proposed at the EU level. This Working Group deals with the proposals impacting directly or indirectly pension funds, including the Taxonomy regulation, the Sustainable Finance Disclosure Regulation (SFDR), and the Corporate Sustainability Reporting Directive (CSRD).
Personal pension products are long-term savings products that individuals contribute to on a voluntary basis, complementing state and workplace pensions. They have a role to play in linking long-term savers with long-term investment opportunities. The Working Group is especially following the developments related to the introduction of a Pan-European Personal Pension Product (PEPP).
The main purpose of the joint WG of PensionsEurope and AEIP on Stress Testing is to discuss and provide expertise on EIOPA IORP stress testing-related issues, particularly on stress testing methodology. The WG prepares technical comments on EIOPA informal and formal consultations on IORP stress tests to be approved by the Boards of both associations (separately).
Standing Committee Future of Pensions
The purpose of the Standing Committee Future of Pensions is to help the Board with defining strategic policy on topics related to the future of occupational and personal pension schemes. It aims to proactively shape European pension policy. The world is changing and pension systems and EU policies on pensions need to be modernised to ensure that all people have good pensions. PensionsEurope SC on Future of Pensions aims to consider the current challenges affecting pensions and consider long-term solutions.
Aims and objectives:
- Consider and review all relevant developments in the area of occupational and personal pensions.
- Ensure that PensionsEurope acts as a thought leader on the strategic direction of pension policy at EU and global level, thereby raising the profile of PensionsEurope in relation to pension schemes and products.
- Follow and provide guidance and support under the supervision of the Board to the Working Groups that the Board has decided to set up.
- Prepare the strategic direction of PensionsEurope on matters relating to occupational and personal pensions.
- Consider investment issues relevant for pension providers.
- Contribute to PensionsEurope responses to strategic consultations relating to pensions and investment issues to influence the direction of policy in order to support and strengthen workplace pensions over the long term.