Insurers warn regulator about pension monitoring service

By Irene Madongo (September 16, 2021, 7:31 p.m. BST) – An insurance trade group on Thursday urged an industry watchdog to address concerns about creating a system to provide people with information about their plans pension, claiming that the service could ultimately be costly for savers.

Insurance Europe said it supported the European Insurance and Occupational Pensions Authority’s recommendations on the planned national pension monitoring service, saying that well-designed systems have proven to be very effective in understanding how pension systems work. .

But he called on the regulator to address concerns about the proposals before submitting its final opinion to the European Commission.

The group said profitability should be a high priority …

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Nancy Owens

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