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Pension gaps: what more can the EU do? (demographic challenges, Pillar I reforms, measures to develop Pillars II and III pension products)

Pension gaps: what more can the EU do? (demographic challenges, Pillar I reforms, measures to develop Pillars II and III pension products)

Day 1 Morning

Wednesday 11 September

Room :

ROOM 1

Speakers

Chair
Jos Heuvelman
Member of the Executive Board - Dutch Authority for the Financial Markets (AFM)
Public Authorities
Johan Almenberg
State Secretary, Financial Markets - Ministry of Finance, Sweden
Péter Benő Banai
State Secretary for Public Finance - Ministry of Finance, Hungary
Petra Hielkema
Chairperson - European Insurance and Occupational Pensions Authority (EIOPA)
Mario Nava
Director General - DG Employment, Social Affairs and Inclusion, European Commission
Industry Representatives
Gino Del Sesto
Head of Government Relations, Europe - MetLife
Christophe Gloser
Head of European Distribution - Fidelity International
Other stakeholder & expert
Agustin Reyna
Director General - The European Consumers’ Organisation (BEUC)

Objectives

This session will first take stock of the challenges facing the EU in relation to pensions and the improvements that can be expected from reforms and measures adopted at Member State and EU level. It will also discuss the additional measures that may be needed at EU level to improve the sustainability and adequacy of pensions, to make better use of pension savings for the development of capital markets and economic growth and increase the awareness of European citizens about pension issues.

This session will focus on measures that can be taken at EU level in the area of pensions. Private pensions (Pillars 2 and 3) will therefore be the main topic, but speakers may also address EU-level measures that could be taken in the area of Pillar 1 pensions.

Points of discussion

  • Main challenges and impact of adopted reforms: What are the main challenges facing public pension schemes (pillar 1) in the EU? What are the obstacles to be overcome for the further development of Pillar 2 and 3 schemes in Europe? What are the expected impacts of pension reforms adopted at Member State and EU level?
  • Priorities for the next European political cycle: Should tackling pension gaps be an important priority for the next European political cycle? What further action could be taken at EU level to support Pillar 1 pensions? What impact can be expected from the actions underway at EU level to develop pillar 2 and 3 pensions and what other measures can be taken to promote private pensions? Should this objective be given greater prominence in the future steps of the CMU? How can different financial market participants contribute to developing private pensions in the EU?