The European Insurance and Occupational Pensions Authority (EIOPA) has published its ninth report on market developments with regard to occupational pensions and cross-border activities of institutions for occupational retirement provisions (IORPs).
The report provides a comprehensive overview of the European occupational pensions landscape for the period of June 2014 - June 2015.
The results of the report show that during the reporting period the number of active cross-border IORPs rose from 75 to 76.
There are currently eight home countries for IORPs with cross-border activities in 17 Member States.
Out of total IORPs’ assets under management (3,680,312 mln euros), less than 1.5% are related to cross-border activities.
EIOPA’s view is that this tiny proportion demonstrates that the EU needs to progress in promoting cross-border schemes in order to create a true single European market for occupational pensions.
Click here to access the Report.