The European Insurance and Occupational Pensions Authority (EIOPA) issued Recommendations for the insurance sector in light of the United Kingdom (UK) withdrawing from the European Union without a withdrawal agreement. The Recommendations addressed to National Competent Authorities (NCAs) provide guidance on the treatment of UK insurance undertakings and distributors with regard to cross-border services in the European Union after the withdrawal of the United Kingdom from the European Union without a withdrawal agreement. The Recommendations will apply as of the date following that on which the European Union’s acquis ceases to apply to and in the United Kingdom.
Opening remarks by Mr Ed Sibley, Deputy Governor (Prudential Regulation) of the Central Bank of Ireland, at the Central Bank Insurance Conference “Thriving in Challenging Times”, Dublin, 15 February 2019.
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the agreement reached by the European Parliament and the Members States on the proposal for a Pan-European Personal Pension Product, the PEPP.
The Commission welcomes the political agreement reached by the European Parliament and Member States on the proposal for a pan-European personal pension product (PEPP). Helping to channel more savings to long-term investments in the EU, this is an important milestone for the Capital Markets Union.
EU ambassadors today endorsed the agreement reached between the presidency and the European Parliament on 13 December on the proposed ‘pan-European pension product’ (PEPP), a new class of personal pension scheme. The draft regulation is aimed at providing greater choice for people who wish to save for their retirement, and at the same time boosting the market for personal pensions.
The Council confirmed its position on proposals to review the functioning of the current European system of financial supervision (ESFS). It invited the Romanian presidency to start negotiations with the European Parliament as soon as possible.