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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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Thursday, 25, May
AEIP replies to EIOPA’s Consultation on the review of the IORP II Directive
Thursday, 11, May
Paritarian institutions in the Building Sector oppose against exemptions to prior notification for the construction industry
Thursday, 27, Apr
SAVE THE DATE – The 14th edition of the World Pension Alliance & Transatlantic Conference will take place from 14 to 16 June, 9h00 – 17h00 EST in Boston
Tuesday, 11, Apr
AEIP is pleased to announce the appointment of Simone Miotto as its new Executive Director
Thursday, 30, Mar
AEIP adopt its position on the Open Finance Framework initiative
Wednesday, 22, Mar
AEIP reply to the call for evidence on the 2023 Strategic Foresight Report

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