EIOPA publishes Report on Market Developments in cross-border IORPs

The European Insurance and Occupational Pensions Authority (EIOPA) has
published today its 2013 Report on Market Developments in cross-border
IORPs.

The report provides a general overview of the developments in cross-border
arrangements of institutions for occupational retirement provision (IORPs)
for the period June 2012-June 2013.

The results of the report show that during the reporting period 2 new
cross-border IORPs have been reported and 4 cross-border IORPs were
withdrawn. Therefore, in total, there was a slight decrease in the number
of IORPs operating cross-border to 82 from 84 in 2012.

The number of home states (the countries in which the IORP has its
registered office and/or its main administration) did not change comparing
to 2012 and remains 9.

The number of host states (the countries whose social and labour law is
relevant to the field of occupational pension) has decreased by 3 to 19.
In general across the European Economic Area 11 countries are not in the
list of host states.

The current publication is the 7th report in a series on market
developments in cross-border IORPs, which were produced first by CEIOPS
and later on by EIOPA.

The text of this report can be viewed on the EIOPA website:
https://eiopa.europa.eu/publications/reports/index.html (Link:
https://eiopa.europa.eu/publications/reports/index.html )


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EIOPA publishes results of Peer Reviews on Internal Models

The European Insurance and Occupational Pensions Authority (EIOPA)
published today the final report on the results of its two peer reviews on
internal models.
The purpose of the peer reviews was to assess the practices of supervisors
and colleges related to the review of internal models during the
pre-application process. Both peer reviews cover supervisory practices in
24 Member States.
Differences of supervisory practices in the pre-application process of
internal models were identified in the following important areas:
interpretation of the requirements; the philosophies underpinning how to
review models, the use of proportionality as well as the organisation and
expectations of on-site visits.
The Report summarises best practices in the areas of communication,
reviews, planning, pre-application packages, training and colleges of
supervisors and outlines a number of recommendations addressed to NSAs and
EIOPA.
In a next step EIOPA will ensure a proper follow-up to the recommendations
as well as the best practices.
The Report can be viewed here (Link:
https://eiopa.europa.eu/fileadmin/tx_dam/files/publications/reports/EIOPA-RP-13-096a_Peer_Review_IntMod_Final_Report_web.pdf
)


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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Please login to the Restricted Area of the EIOPA website and change
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password on the login page of the EIOPA Restricted Area.

First EU study on the financial situation of pension funds

EIOPA published today 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 (Link:
https://eiopa.europa.eu/press-room/press-releases/index.html ) to 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.


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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Don't want to receive this newsletter anymore?

Please login to the Restricted Area of the EIOPA website and change
your user profile:

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If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.