The European Insurance and Occupational Pensions Authority (EIOPA) on Friday 17 April issued new recommendations to national supervisors to mitigate the effects of the COVID-19 pandemic on the pension sector.
“As long-term investors Institutions for Occupational Retirement Provision (IORPs) can play a stabilising role in current volatile markets”, EIOPA said in a statement.
Thus, in order for IORPs to be able to give priority to the continuity of their operational activities, it calls...