Pensions

Insurers play a major role in pension provision. As European states reduce their role in retirement provision due to the combined budgetary pressures arising from the financial crisis and ageing populations, the role of the private sector in private pension provision will become more significant. The CEA aims to ensure the long-term viability and stability of the insurance sector through consistent and appropriately rigorous regulation.

The CEA is therefore closely involved in pension debates at EU level following publication of the European Commission’s wide-ranging July 2010 Green Paper – “Towards adequate, sustainable and safe European pension systems”, which addresses 14 questions on topics ranging from the mobility of pensions within the EU to the future solvency regime for pension funds.

A key issue for the CEA is ensuring that there is a level regulatory playing field based on risk-based principles for insurers and pension funds offering comparable products.