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AEIP responds to EIOPA consultation on Pension Tracking Systems

Homepage News AEIP responds to EIOPA consultation on Pension Tracking Systems

AEIP responds to EIOPA consultation on Pension Tracking Systems

Cécile Henrotte
08/09/2021
News

AEIP provided input to EIOPA’s consultation on Pension Tracking Systems (PTS). In it AEIP stressed that the PTS should strive to maximize its use as a source of personal pension information for all citizens and pensions savers in Member States. The PTS should be a valuable source of information for all citizens that want to know about their personal pension situation, as it is an essential factor of confidence in the national pension system and is directly related to the social protection policy of each Member State. PTS and pension providers should look for ways of helping each other to carry out the task of helping individuals make sensible decisions on pensions in a way that makes the customer journey for citizens simple and understandable. The minimum requirements set in the consultation paper can help achieving this goal, however we would like to point out that it is not up to the statutory pension providers to incentivize the take up of supplementary pensions in general. Comprehensive and available pension information does not automatically lead to personal savings decisions, which depend on a variety of personality traits and societal conditions. For that reason, PTS should not be seen as a service that provides pension-related advice but as a tool that gives a comprehensive overview of retirement savings. In addition, PTS should not generate additional data requirements; that would imply significant additional efforts and costs, and confusion. It should thus display not more than the level of data as provided by the IORPs. Please see here the full input of AEIP to EIOPA’s consultation.

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  • AEIP submits its feedback to the European Commission’s consultation on rationalisation of reporting requirements
  • European Retirement Week kicks off – Press Release
  • AEIP submitted its feedback to the European Commission’s proposal for a Regulation on a framework for Financial Data Access (FiDA)
  • AEIP replies to European Commission’s consultation on Faster and Safer Relief of Excess Withholding Taxes (FASTER)
  • AEIP replies to the European Supervisory Authorities (ESAs) joint consultation on the first batch of DORA policy products
  • AEIP publishes its Activity Report for 2022
  • AEIP replies to the European Supervisory Authorities (ESAs) joint consultation on the review of SFDR Delegated Regulation
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Tuesday, 28, Nov
AEIP submits its feedback to the European Commission’s consultation on rationalisation of reporting requirements
Friday, 24, Nov
European Retirement Week kicks off – Press Release
Monday, 13, Nov
The European Association of Paritarian Institutions – AEIP is looking for an Intern to assist with project management, policy and communication & social media in Brussels
Wednesday, 25, Oct
AEIP submitted its feedback to the European Commission’s proposal for a Regulation on a framework for Financial Data Access (FiDA)
Monday, 18, Sep
AEIP replies to European Commission’s consultation on Faster and Safer Relief of Excess Withholding Taxes (FASTER)
Monday, 11, Sep
AEIP replies to the European Supervisory Authorities (ESAs) joint consultation on the first batch of DORA policy products

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