The significance of pension systems to a countries’ economic stability and the security of their aging populations is increasingly being recognised. There already exists a pensions protection gap driven by increases in life expectancy, falling birth-rates and a decrease in the working-age population. This existing protection gap is further exacerbated by challenges such as high inflows of pension beneficiaries, among others. The Covid-19 pandemic has further widened the pensions gap and the extent to which these risks can be absorbed will vary across various pension schemes and systems. Supervisors play a key role in not only ensuring consumer protection, but also providing an enabling environment that will see the growth of robust pension systems.
On this dialogue, participants will hear from experts from IOPS who will explore the topic of the pension protection gap particularly in emerging markets, what role supervisors can play to bridge that gap and the short term and long-term impact from covid-19. This event will be open to supervisors only and will take place at 10am CET in English (with simultaneous French interpretation) and 4pm CET in English (with simultaneous Spanish interpretation). It will last one-hour and will take place via WebEx.
We are the implementation arm of the International Association of Insurance Supervisors (IAIS) on Inclusive Insurance. We generate and disseminate knowledge, build capacity, contribute to IAIS standard-setting, we foster learning and dialogue, support implementation at the regional and national levels, and participate in global advocacy processes.