Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

18 February 2013

IORP(職域年金指令)の改正に係るQIS(定量的影響度調査)の結果を受けてAEIP(社会保障を労使共同で運営する非営利組織の欧州の協会)がEIOPA(欧州保険年金機構)に更なる調査を要求


Default: Change to:


AEIP asserted that the QIS has proved that the HBS is not a workable tool. If the European institutions stick to the concept of the HBS, AEIP would find it crucial that at least further impact studies are run and alternative approaches are investigated.


The European Commission's ability to apply results from the IORP Directive's first impact study to other pension funds has been questioned by the European Association of Paritarian Institutions (AEIP), which said the representative nature of the results was very limited.

The association also called on the European Insurance and Occupational Pensions Authority (EIOPA) to clarify the methodology it would use to compare the results and urged the regulator to detail how it would treat the volume of responses received in December. The AEIP argued that since only eight countries performed the exercise – and within that "only a few big pensions funds had the resources and knowledge to perform the calculations" – the results were "limited".

Additionally, the association stressed that the model presented in the QIS required each IORP to make "too many" subjective assumptions, even for the calculation of liabilities. "This might not only pose issues in the comparability of results between pension funds based in the same country, but also at European level", it said.

The AEIP also voiced concerns about the fact that national supervisor authorities were required by EIOPA to project the results collected at national level.

Position paper

Further reporting from IPE (registration required)



© IPE International Publishers Ltd.


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment