The European Commission needs to go further on centralised regulation of pensions, according to the chief executive of the Irish Pensions Board.

Ms Anne Maher says the European Commission needs to concentrate on other areas such as pension sales, information, benefit payments, portability and indexation of benefits, and not just focus on pension-based investment.

She says there is a need for common EU regulatory standards operating centrally, which would have to be met by all national regulators.