Articles - Aviva welcomes European Commission white paper


 Aviva has welcomed today’s publication of the European Commission White Paper: ‘An Agenda for Adequate, Safe and Sustainable Pensions’.

 The European Commission has signalled its intent to build a more secure platform for individuals to plan for their retirement, including championing recommendations made by Aviva, such as annual pension statements and measures to increase consumer confidence in retirement savings products.

 Igal Mayer, Aviva Europe CEO said, “We welcome the Commission’s support for the concept of annual pension statements for all EU citizens. This would allow them to compare projected retirement income against their own expectations and take action as a result. However, Europe’s €1.9 trillion pension gap cannot be reduced with a single solution. Individuals can make a significant positive impact to their retirement income by saving more and saving earlier, yet Aviva’s “Mind the Gap” research shows that consumers are ignoring the warning signs, creating a gap between retirement expectations and actual levels of saving.”

 Mayer continued, “The Commission also discloses plans to present an initiative aimed at improving the quality of private pension products by 2013. This initiative must consider both the effectiveness of existing incentives for pension saving and how to create conditions which allow providers to demonstrate the quality and security of products, facilitating comparability and increasing consumer confidence.”

Back to Index


Similar News to this Story

Rebuilding reserving with lessons from the front line
Several years ago, we started a project to think about what the next generation of reserving tools would look like. This ‘blue sky thinking’ kicked of
Using AI and technology to deliver FCA strategic priorities
Speech by Jessica Rusu, FCA chief data, information and intelligence officer, delivered at the AI and Digital Innovation Summit as part of City Week 2
Climate change pushing insurability to tipping point
With the costs of protection predicted to keep rising with climate risks and become increasingly unsustainable, Scott St. George examines the measures

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.