Text tabled : A7-0025/2011

  Peter Skinner (S&D), in writing. − I can support the overall objectives of this report as its fundamental concerns are to create a sustainable approach to pension provision. The regulatory exercise which will come about from the Green Paper will, I believe, bring supervisors up to speed with the necessary consistency to maintain a safe and sustainable pension system.

However, given the current diversity in pension systems in Member States as well as in scope and depth of pension provision, it is important that the Commission follows through on Parliament’s wish not to impose capital standards akin to insurance or banking standards. It is my belief that pensions can and should be treated separately for their own capital adequacy requirements.

This all said, the need for a truly European approach is paramount, given the way in which demographic trends will force future generations into sustaining expensive schemes, overloaded, with past generations facing potential poverty.