Category: International news and events
Press release – PensionsEurope CEEC Forum 2023
Brussels, 13 October 2023 – The PensionsEurope CEEC Forum 2023, held on 10 October 2023 at the Grand Millennium Hotel in Sofia, Bulgaria, marked an annual milestone in addressing common challenges within funded pensions across the Central and Eastern European (CEE) region.
Hosted by the Bulgarian Association of Supplementary Pension Security Companies (BASPSC), the Forum gathered prominent policymakers and industry experts who shared insights on advancing funded pensions in the CEE region.
Find out more about the highlights of the event in our full press release:
Pensions Europe submitted on 25th May 2023 its response to EIOPA’s consultation on technical advice for the review of the IORP II Directive today, on 25 May 2023.
Int the answer, PE welcomes EIOPA’s perspective, acknowledging that the review of IORP II takes place shortly after the Directive’s implementation, making it premature to suggest any significant revisions at this stage.
Key takeaways include:
• The IORP II Directive should remain a minimum harmonization legislation.
• The IORP II Directive must be highly compliant with the principles of proportionality and subsidiarity.
• Changes in cross-border rules should not have any negative impact on non-cross-border IORPs.
• Communication to members and beneficiaries can be improved and National Pension Tracking Services are a viable option.
• Any new requirement on sustainability, diversity and inclusion, should be tailored to the specificities of IORPs.
The press release and Pensions Europe reply to EIOPA are attached below:
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PensionsEurope answer on the EIOPA consultation for the CfA on the IORP II
The Chair of BASPSC attended the Annual Conference 2023 & General Assembly Meeting of PensionsEurope 20-22 April 2023, which took place in Berlin, Germany
Annual conference PensionsEurope 2023 on “How to protect pensions in times of turbulence”
PensionsEurope is an international organization (confederation), based in Brussels, representing national associations of pension funds, of which the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) is a member. The aim is for the people of Europe to have good pensions and for this the PensionsEurope advocates at European and international level for well-funded pensions covering more people. Changes since Covid – high inflation, high interest rates and economic uncertainty, coupled with rising demographic challenges, are putting increasing pressure on pensions. Pension funds are key to finding solutions to these fundamental changes, turning them into opportunities and ensuring fair and sustainable pension legislative changes for the benefit of all to achieve decent retirement incomes.
The 2023 conference “How to protect pensions in times of turbulence” presented the current macroeconomic situation in Europe, the challenges facing pension funds and the solutions that can be envisaged by politicians and institutional investors to protect people. The all-day conference was held hybrid included keynote speeches, presentations and panel discussions from key stakeholders in the pension industry and beyond.
At the semi-annual GAM General Assembly of PensionsEurope, members of the Confederation discussed significant issues such as the organization’s priorities, problems, the difficult market environment for funds managing occupational pensions, as well as personal pension products in Europe. Particular attention and emphasis were paid to the growing transformation of the pension sector in Europe from Defined benefit to Defined Contribution base, which is emerging as the most correct and imperative solution in view of the deteriorating demographic environment and prospects.
