3 Amendments of Piia-Noora KAUPPI related to 2007/2290(INI)
Amendment 5 #
Draft opinion
Paragraph 4
Paragraph 4
4. Urges the Commission to review urgently Directive 2003/41/EC, based on advice from the CEIOPS, in order to provide a solid solvency regime appropriate to institutions for occupational retirement provision; stresses that such a regime may band especially to examine level playing field issues through differences in calculation and underlying assumptions for measuring liabilities; examine whether or not an extension of some based on thepects of Solvency II approach but must cater forto pension funds are required; taking into account the specificities of those institutions such as the long-term nature of the pension schemes they operate; considers that such a special solvency regime would underpin financial stability and prevent regulatory arbitrageliabilities they hold;
Amendment 7 #
Draft opinion
Paragraph 5
Paragraph 5
5. Recalls that the Court of Justice has ruled against obstacles to tax exemptions for crossborder pension contributions; underlines that tax relief offers the best incentive for long-term savings and that further harmonisation may be needed to remove all obstacles to cross-border contributions to pension schemes; invites the Commission to undertake the preparation of an appropriate and feasible framework of regulation and supervision of pan-European pension products; stresses that a single market for occupational pensions would allow individuals to enjoy portable occupational pension arrangements, stimulate competition and reduce the cost of saving for retirement;
Amendment 8 #
Draft opinion
Paragraph 6
Paragraph 6
6. Is concerned about the current trend to shift from defined benefit pension systems to defined contribution pension systems, accompanied by a sharpobserved decline in employer contributions; warns that the revision envisaged of IAS 19 should not add to that trendincrease the closing of defined benefit schemes by abolishing the so- called “corridor”-approach, which corrects extreme short-term volatility; considers that appropriate steps should be taken so as to increase the participation and contribution levels of households in existing pension schemes in order to ensure adequate retirement income for households;