On 4th July EIOPA published the first EU study on the financial situation of pension funds. The results show that the holistic balance sheet approach benefits the protection of current and future generations. And the outcomes reinforce the need to continue working towards a market-consistent and risk-based regulatory regime in Europe.
The study was undertaken at the request of the European Commission to inform stakeholders on the quantitative impact of the different options for the holistic balance sheet approach put forward in EIOPA’s Advice on the Review of the IORP Directive.
Click here for the press release, the final report of the QIS and the Discussion Paper to improve the technical specifications for the valuation of sponsor support.
Together with the QIS final report EIOPA has published a Discussion Paper to improve the technical specifications for the valuation of sponsor support. Stakeholders are invited to provide feedback to this discussion paper by 31 October 2013.