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Monday 11 December 2017

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EIOPA to reveal 2017 Pensions Stress Test results

Written by Talya Misiri
07/12/17

The European Insurance and Occupational Pensions Authority is to announce the results of its 2017 Pensions Stress Test next week.

The results, that are due to be revealed on Wednesday 13 December, will be presented at a press conference in Frankfurt, Germany.

The Stress Test findings will be discussed by EIOPA chairman Gabriel Bernardino. EIOPA head of risk and financial stability department Dimitris Zafeiris will also offer a presentation on the technical background of the study.

EIOPA revealed that it had launched its second Pensions Stress Test in May this year, which would test schemes across the European Union.

On the launch, EIOPA chairman Gabriel Bernardino said the test “analyses the effects of prolonged adverse market conditions on sponsoring companies, members and beneficiaries and financial markets through pension funds’ investment behaviour, elaborating on the second round effects on the real economy and financial stability”.

“It will provide up-to-date information on the vulnerabilities of the occupational pensions sector and the possible repercussions for the stability of the wider financial system and European economy,” he added.

This year’s test has taken into account the impact of the macro-financial developments since the first stress test conducted in 2015. The exercise is designed to assess the resilience of the European occupational pensions sector to an adverse market scenario using common methodologies. It will also analyse how IORPs transfer shocks, resulting from the impact of the adverse market scenario, to the real economy and financial markets.



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