EIOPA calls for pension experts' aid with tracking tool

The European Insurance and Occupational Pensions Authority (EIOPA) has called for pension experts to join a network aiming to strengthen the organisation’s expertise regarding web-based applications.

The Practitioners Network on Pension Tracking Systems is specifically intended to bolster EIOPA’s proficiency with regard to the applications that provide pension savers with an overview of their future retirement income, based on their entitlements from all pension schemes in which they participate.

The expertise provided by this network is expected to benefit the work of EIOPA to identify best practices for the set-up of a National Pension Tracking System tool, which was requested by the European Commission.

Elaborating further, a statement from EIOPA said: “The members of the network are expected to be highly knowledgeable professionals with extensive practical experience with the design, use and/or management of pensions tracking system tools developed both within and outside the European Economic Area.

“In particular, EIOPA seeks representatives from public entities, pension funds associations, companies, non-profit organisations and the European Tracking Service.”

Members’ expertise will be used in a number of ways in the tool’s development, including ensuring individuals have a simple, attractive and comprehensive view of their income at retirement, organising the presentation of key information, and determining an appropriate implementation approach for launching the tracking tool and the accompanying communication initiatives.

Selected members will join the network for a period of one year, with a further year-long extension possible.

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