The European Insurance and Occupational Pensions Authority (EIOPA) has published a statement on principles that national competent authorities should consider to mitigate the impact of the coronavirus pandemic on the occupational pensions sector.
The principles are
- business continuity and operational risks
- liquidity position
- funding situation and pro-cyclicality
- protection of members and beneficiaries
EIOPA will continue to pursue close collaborations with national authorities to evaluate and mitigate the impact of the coronavirus pandemic on the insurance and occupational pensions sector.