Insurance Europe welcomes the European Commission’s efforts to address the development of pension systems in Europe. However, a number of issues should be appropriately dealt with to avoid unintended consequences.
The Commission’s original proposal points to the existing barriers to free movement of workers in Europe, and suggests that removing such obstacles would ease worker mobility. However, increasing the possibility for worker mobility should be achieved in a way that does not inadvertently undermine the development of pension systems in EU member states. Care should be taken to safeguard the development of occupational and supplementary pension provisions in member states, thus enhancing the social protection of citizens.