Solvency II for Pensions - latest developments
The European Insurance and Occupational Pension Authority (EIOPA) recently published preliminary results of its quantitative impact study (QIS) for a revised Institutions for Occupational Retirement Provision (IORP) directive.
The QIS is a comprehensive attempt to calculate solvency figures on a common and consistent basis for European defined benefit IORPs using the holistic balance sheet approach. It was conducted in 8 European countries: Belgium, Germany, Ireland, Netherlands, Norway, Portugal, Sweden and UK. Brendan Kennedy, Chief Executive of the Pensions Board and chairman of the Occupational Pensions Committee of EIOPA, will provide an overview of the results, the Irish perspective on the results and his views on future European developments.
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