Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector in Europe

Today the European Insurance and Occupational Pensions Authority has issued aStatement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector.

The statement recognises the stabilising role that institutions for occupational retirement provision (IORPs) can play as long-term investors in the current economic climate.

The statement, addressed to national competent authorities, outlines principles related to:

  • Business continuity and operational risk
  • Liquidity position
  • Funding situation and pro-cyclicality
  • Protection of members and beneficiaries; and
  • Communication

EIOPA continues to work closely with national authorities to assess and mitigate the impact of the Coronavirus/COVID-19 on the insurance and occupational pensions sector.

Read the statement

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