European supervision of pension funds: Purpose, scope and design

In this paper, Niels Kortleve (PGGM), Wilfried Mulder (APG) and Antoon Pelsser (UM) recommend sustainable convergence in pension fund regulation at a European level. They relate to three topics: the scope of European pension supervision, the special nature of pension schemes and pension funds compared to other financial contracts and institutions and the consequences for adequate supervisory tools. These recommendations can be used as input for the response to the Call for Advice (European Commission 2011).