European Pension Funds Congress presents hot topics
The European Pension Funds Congress has traditionally been hosted by the European Federation for Retirement Provision (EFRP) and will once again take place within the EURO FINANCE WEEK on 15 November 2011. This year’s conference sessions will present reactions to the announced White Paper on Pensions, debate how long-term investors have to invest in volatile times and will discuss the call for advice on the IORP directive and the draft EFRP response to it.
Peter Praet, recently appointed Member of the European Central Bank’s Executive Board, will deliver one of the keynote speeches. In his speech the former Executive Director of the National Bank of Belgium will discuss the impact of forthcoming accounting and regulatory changes on the investment strategy of pension institutions and will reflect on the role of pension funds as providers of long-term risk capital.
The second keynote speech will be given by EIOPA Chair Gabriel Bernardino, who took up the position in 2009 and has overseen the transformation of CEIOPS into EIOPA. EIOPA is currently consulting stakeholders on a review of Directive 2003/41 on Institutions for Occupational Retirement Provision (IORPs). Mr Bernardino is expected to talk about the IORP review process and the main topics addressed by it, such as the scope of the IORP Directive, governance and capital requirements for pension funds and information for pension fund members. Mr Bernardino may also reflect on EIOPA's new role and powers as European pensions supervisor and regulator.
November 2011 will see the publication of the European Commission's White Paper on Pensions, which will contain a series of concrete proposals "to ensure adequate, safe and sustainable pensions". It follows the much-commented 2010 Green Paper consultation. Ria Oomen-Ruijten, who was in charge of the European Parliament's report on the Green Paper, will be able to offer glimpses of the upcoming policy proposals, as will Fritz von Nordheim, Deputy Head of Unit Active Ageing, Pensions and Health at the European Commission. Representatives from the European social partners - BusinessEurope and ETUC - will also give their reactions on the White Paper and sketch their visions of the EU's role in occupational pension policy.
Furthermore, directors from a number of pension funds (Belgium, Germany, Italy, Netherlands, UK) and national pension federations (Ireland, Netherlands, Romania, UK) will provide valuable insights into the impact of the current economic and regulatory environment on investment behaviour of pension funds.
Updated information about the European Pension Funds Congress is available on the congress website: www.eurofinanceweek.com/pensions.