AAE News

EIOPA calls for candidates to join Expert Panel on Pan-European Personal Pension Product Regulation

7 May 2019

EIOPA calls for candidates to join Expert Panel on Pan-European Personal Pension Product Regulation

The European Insurance and Occupational Pensions Authority (EIOPA) issued a call for candidates to join an Expert Panel on the Pan-European Personal Pension Product (PEPP) Regulation.

Based on the forthcoming Regulation on PEPP, EIOPA is required to develop substantial policy and regulatory requirements for the effective implementation of the Regulation. It also mandates EIOPA to exercise a strong role in the future supervision of PEPPs. Hereby, EIOPA will provide for a central information hub on PEPP for all European citizens and competent authorities.

In particular, EIOPA is working on the PEPP Regulation’s empowerments for EIOPA, for which – in consultation with the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) as well as the European Central Bank (ECB) – a number of important draft technical standards need to be developed. Further, EIOPA is expected to provide technical advice to the European Commission regarding the areas where delegated acts are required.

In light of the policy perspective to design a PEPP that exhibits high quality product features around information provision, risk-mitigating techniques and a cost cap for the basic PEPP, the feedback and support from practitioners can allow EIOPA to find superior solutions and to develop smart policy advice that incentivises financial innovation for the benefit of the European consumer.

Therefore, EIOPA is setting up an Expert Panel on PEPP to inform EIOPA’s policy work, to test policy proposals and to act as sounding board supporting EIOPA delivering on its mandate. The main tasks of the Expert Panel on PEPP will be:

  • Meet regularly with EIOPA’s working structure – in physical meetings, conference or video calls – to share technical expertise and evidence.
  • The key areas for input will be on:
    • PEPP Key Information Document (KID), conditions for its revision and provision of the PEPP KID
    • PEPP Benefit Statement (PBS) and supplementary information
    • Cost cap for the Basic PEPP
    • Risk-mitigation techniques

EIOPA is seeking for highly knowledgeable professionals with extensive practical experience of designing personal pension products.

Further details about the call for expression of interest can be obtained via EIOPA’s Website. The deadline for applications is Tuesday, 21 May 2019 at 23:59 CET.

> Read more

AAE comments on the Call for input on the Solvency II reporting and disclosure review 2020

2 April 2019

AAE has commented on EIOPA’s Call for input on the Solvency II reporting and disclosure review. The AAE response can be found here. A summary of the AAE response is available here.

> Read more

AAE publishes discussion paper Meeting the Challenge of Ageing in the EU

14 March 2019

Today the AAE issued a press release with respect to the publication of the discussion paper ‘Meeting the Challenge of Ageing in the EU . The press release is available here.

> Read more

New edition of The European Actuary

1 March 2019

The March 2019 issue of The European Actuary has been published.

On the website of The European Actuary you can find all previous issues of the magazine.

> Read more

AAE publishes initiatives to the EU Parliament and the European Commission

6 February 2019

AAE has published a press release in face of EU Parliamentary Election and the New Commission. The AAE press release can be found here.

> Read more