European Pensions and Property Asset Release Group (EPPARG) has published its response to the European Commission's consultative document Consumer Protection in Third-Pillar Retirement Products.
The European Insurance and Occupational Pensions Authority (EIOPA) has published its long-awaited Technical Findings on the Long-Term Guarantees Assessment, which paves the way for the EU institutions to complete the Omnibus II legislation, amending Solvency II, over the coming months.
The European Pensions and Property Asset Release Group, EPPARG, is leading a discussion in Brussels amongst key EU institutional stakeholders, industry representatives, academics and representatives of the charity sector on ways to explore potential growth of innovative solutions such as Home Equity Release across Europe.
The market for equity release products, which enable homeowners to access some of the wealth tied-up in their property, is expected to grow across Europe – with the potential for over €20 billion to be released each year. However, the current Solvency II requirements may stifle the supply of these products from insurers. Action needs to be taken immediately to ensure a sensible treatment of equity release products in the new regulation, a new report by Towers Watson has concluded.
The European Pensions and Property Asset Release Group, EPPARG, has welcomed the launch today of a consultation exercise on the European Commission’s Green Paper on long term investing. The consultation seeks to gather views on how to foster the supply of long-term financing and how to improve and diversify the system of financial intermediation for long-term investment in Europe.
The European Pensions and Property Asset Release Group, EPPARG, has appointed the Brussels office of Newgate Communications to provide lobbying and secretariat services as from February 2013.