Task Force on Asset Allocation in Europe

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Many factors – changing economic/financial conditions, evolving demographics and regulatory as well as technological developments – will impact asset allocation in the coming years. The purpose is to contribute to the public debate about the need to facilitate European households’ access to savings/investment products with stable returns over time, and to promote long-term investment across the EU through more capital markets-based financial intermediation.


This Task Force aims to engage a diverse group of stakeholders in a structured dialogue in order to: 1) identify the factors at macro- and micro- level driving investment decisions; 2) analyse their impact on households/retail investors and on different categories of financial intermediaries; and 3) put forward a list of recommendations to strengthen the long-term savings & investment channels in Europe. Intermediary reports are drafted after each meeting and will form the basis of the final report.


CHAIRMAN               Jean-Pierre Pinatton, Supervisory Board, Oddo BHF

RAPPORTEURS       Karel Lannoo, CEO, CEPS and Cosmina Amariei, Researcher, ECMI


MEETING 1 - 14 June 2017

FOCUS: 1) short vs long term investment; 2) asset managers

Agenda  Report  More info

MEETING 2 -  24 October 2017    

FOCUS: 3) insurance companies; 4) pension funds

Agenda  More info

MEETING 3 - 20 March 2018                                        

FOCUS: 5) retail investors; 6) sustainable investment 

Agenda  More info

MEETING 4 -  21 June 2018                                     

Review of the Final Report 

MEETING 5 - 11 September 2018                                        

Launch of the Final Report


These are closed-door meetings, with the participation being limited to the members of the experts group and broader task force, academic/policy/industry observers and selected invitees. 



Please do not hesitate to contact Cosmina Amariei by email at: cosmina.amariei@ceps.eu or by phone on +32 222 93 955.