RESAVER Pension Fund Manager advocates for cross-border pension fund development at EIOPA meeting

June 14, 2024 - Beata Cseresznye, Pension Fund Manager of RESAVER, participated in a Pensions Expert Network meeting organised by the European Insurance and Occupational Pensions Authority (EIOPA). The meeting focused on enhancing the understanding of national competent authorities regarding the challenges faced in establishing cross-border Institutions for Occupational Retirement Provision (IORPs), such as RESAVER.

During the session, Ms. Cseresznye highlighted RESAVER as a successful example of the cross-border pension fund concept in action. However, she pointed out that there are several regulatory hurdles that need to be addressed to facilitate smoother implementation and expansion across different countries.

Ms. Cseresznye emphasised the importance of harmonising the regulatory framework across Member States to support operational efficiency of cross-border pension funds. By doing so, she argued, it would not only enhance the feasibility of these funds but also ensure their sustainable development in new markets.

The meeting underscored EIOPA's commitment to addressing these challenges and fostering a more supportive environment for cross-border IORPs, aiming to improve retirement outcomes for workers across Europe.