Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-09-Speech-2-371"
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"en.20100309.24.2-371"2
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"Mrs Blinkevičiūtė has asked a very important question about pension reform, which is a key issue for the coming years, given the challenges that we have to face together: demographic ageing, the viability of public finances and the mobility of employees in particular. Moreover, pension funds are major institutional investors.
The financial crisis has shown up the weaknesses in the design of some pensions schemes and, ladies and gentlemen, following on from the de Larosière report, we are going to take some initiatives. President Barroso has announced some policy guidelines on this matter to the European Parliament.
During 2010, we are going to present a Green Paper on pensions that is expected to encourage a rigorous discussion of the regulation of private pension funds. In this context, a revision of the directive on the activities and supervision of institutions for occupational retirement provision might be envisaged. The Commission remains committed to strengthening the internal market in the area of pension funds. This revision of the directive would also include solvency rules for pension funds. Moreover, Mr President, this meets a demand made by the European Parliament during the negotiations on the Solvency II Directive.
To avoid any ambiguity on this very important issue that affects the citizens, I would add that, in the name of subsidiarity, the Commission will be very careful to respect the choices that are made in many of the Member States concerning their attachment to the pay-as-you-go pension scheme."@en1
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