Enabling occupational pensions in Europe – a BusinessEurope position paper

Key messages

• Strengthening economic resilience
  The Pensions Package should contribute to a strong and competitive European economy, recognising that sustainable pension systems depend on economic growth, productivity, and the ability of occupational pensions to support long-term investment.
• Respect for national competences and diversity
  BusinessEurope welcomes the Commission’s focus on pension coverage, but stresses that EU action must fully respect national competences, the diversity of pension systems and the autonomy of social partners.
• Supporting long-term investment and the Savings and Investment Union
  The Pensions Package can support the objectives of the Savings and Investment Union by facilitating long term investment by pension funds, provided that regulatory coherence, proportionality and legal certainty are ensured.
• Enabling occupational pensions without additional burdens
  The Commission’s proposals should result in strengthening occupational pensions through enabling and incentive-based measures, while avoiding additional regulatory, governance or reporting requirements for employers and pension providers, in order to preserve competitiveness, in particular for SMEs.