PensionsEurope and its member associations ask EU level and national regulators and supervisors for close collaboration and support to ensure that pension funds can overcome the challenges posed by the current situation in the financial markets and the severe consequences of the threatening imminent economic downturn, preserving their operational capacities as well as their role to complement public social security pensions and provide adequate and sustainable retirement income.

According to the statement: “Funded pensions depend on the economy and financial markets and the short-term impact of the crisis is severe. Pension funds are long-term investors with long-term liabilities and with the right policy measures they will be able to get out and recover from this crisis and contribute to financial market stability and the swift recovery of the financial markets and the real economy. It is therefore vital that the EU and Member States do their utmost to alleviate the adverse short-term effects of the crisis.”

To see the full statement, click here