The aim of this initiative is to increase efficiency and to further strengthen the monitoring and analysis of the European occupational pensions sector through a single framework for EIOPA’s regular information requests for the provision of occupational pensions information.
Currently EIOPA is issuing regular and ad-hoc reporting requests such as the provision of information for the bi-annual Financial Stability Report, the annual Market Developments Report on occupational pensions, the annual Consumer Trends Report, the pension register, the pension database and the data gathered during ad-hoc surveys. Through this single framework EIOPA will streamline all its current quantitative reporting requirements towards the NSAs. EIOPA proposes one comprehensive package of reporting templates aligned with similar European and international reporting standards to ensure an efficient use of information for EIOPA and NSAs.
To further enhance EIOPA’s monitoring and assessment of market developments in the occupational pensions sector, to foster the protection of pension scheme members and beneficiaries, to undertake economic analysis and to properly analyse financial stability implications, the proposal entails also the provision of individual information of a relevant, yet fairly limited, set of Institutions for Occupational Retirement Provision.
The European Central Bank (ECB) in coordination with EIOPA launched a public consultation about the draft regulation on statistical reporting requirements for pension funds. Better quality, more granular and comparable statistical data on the sector provides for a better understanding of its role in the transmission mechanism of monetary policy as well as of cash flows and risks associated with pension obligations. EIOPA and the ECB have worked closely together on setting up the definitions and methodological framework in order to minimise the burden on the pensions industry.
EIOPA invites stakeholders and interested parties to provide their feedback by 27 October 2017.
Press release
Consultation package
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