20/12/2011
By Matt Ritchie
The occupational pensions sector has not been as severely impacted by the current economic crisis as other financial industries, according to the European Insurance and Occupational Pensions Authority (EIOPA).
In its biannual report on the financial stability of the insurance and occupational pension fund sectors in the European Economic Area, EIOPA found that the risks in insurance and occupational pensions are high and more pronounced than in the first half of the year.
Risks stemming from exposures to sovereign and banking debt, and the macroeconomic outlook were the main factors which could jeopardise the financial stability of the European insurance and occupational pension sectors into next year.
The crisis has had an impact on pension funds, primarily in their role as institutional investors, and has also had a significant impact on consumer confidence, the report said.
Access the report here
Other stories you may find of interest:
Overview 2011: busy year for EIOPA
2011 proved to be a relatively hectic year for the European Insurance and Occupational Pensions Authority (EIOPA), established on 1st January as a result of reforms to the structure of financial supervision in the European Union initiated by the European Commission (EC)
EIOPA delivers final advice on IORP Directive to European Commission
The European Insurance Occupational Pensions Authority (EIOPA) has today published its response to the European Commission’s call for advice on the review of the IORP Directive
European pensions authority selects executive director
The European Insurance and Occupational Pensions Authority has selected Carlos Montalvo to become its first executive director
