CEIOPS demonstrates continued commitment to cross-border
provision
10 June 2009
Written by Sophie Baker
The Committee of European Insurance and Occupational Pension
Supervisors’ (CEIOPS) annual report shows its continued support
for the development of cost effective multi-country pension funds, says
Watson Wyatt.
CEIOPS said that it will later this year publish a further update on the
development of cross-border pensions, and will produce a follow-up report
on key aspects of implementation of the Pensions Directive, building on
its April 2008 report.
The European body of supervisory authorities has promised this follow-up
will focus on further analysis and clarification in a number of areas
relevant to cross-border pension funds.
Senior consultant at Watson Wyatt, Mark Dowsey, said this is evidence
of CEIOPS’ determination to support the development of cost-effective
multi-country pension funds. “The consultation on measures to improve
cooperation between the supervisory authorities of member states closes
next Monday and is the latest in a series of measures to help identify
and then tackle some of the obstacles to efficient cross-border pension
provision. The annual report indicates that CEIOPS will not rest there,
although quite what will or will not be placed in the public domain remains
to be seen.”
The CEIOPS annual report is available here.
