The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on further work on sol

Today EIOPA published a consultation paper on further technical work on the
holistic balance sheet to gather input from stakeholders. The paper
constitutes a further step in EIOPA's work on a risk-based framework for
occupational pension funds. EIOPA is undertaking this work on its own
initiative, in its role as independent advisor to the European political
institutions.

The consultation paper proposes improved definitions and methodologies to
value the holistic balance sheet, covering areas such as the valuation of
sponsor support, the benefit reduction mechanisms and discretionary
decision-making processes and the definition of contract boundaries.

Most importantly, the paper consults on different possible uses of the
holistic balance sheet within a supervisory framework, ranging from an
instrument to establish funding requirements to a risk management and
transparency tool to assess the long-term sustainability of IORPs.

The further work on the holistic balance sheet has to be tested through a
quantitative assessment. EIOPA expects to publish draft technical
specifications for such an assessment by early 2015.

The consultation will end on 13 January 2015.

The relevant documentation and the template for comments can be viewed
here: https://eiopa.europa.eu/consultations/consultation-papers/index.html
(Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html )


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