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
- communication
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.
