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Pension funds have been buffeted by swings in asset valuations, sustained low interest rates, and rising unemployment in certain regions. On top of this, the possibility of a rise in inflation due to the fiscal stimulus required to fight Covid-19 means that real benefits could fall in the coming years. Pension funds clearly stand at a pivotal moment.
However, it’s not all doom and gloom as our Focus On Pensions explored. Fausto Parente, Executive Director of EIOPA, took the time to share some key initiatives on a European level that are being explored in order to build stronger pensions. He highlighted some vital aspects, including the critical need for better information in order to tackle the pensions gap, the role that occupational pension plans can play, as well as...
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