The results of the report show that during the reporting period the number of active cross-border IORPs rose from 76 to 79. There are currently eight home countries for IORPs with cross-border activities in 17 Member States.
Out of total IORPs' and Article 4 IORP Directive ring-fenced funds' assets under management (EUR 3,83 trillion), less than 1.65% are related to cross-border activities, which slightly increased compared to the 2015 market development report. This proportion demonstrates that further progress in promoting cross-border schemes in the European Union is needed to create a true single European market for occupational pensions.
In addition to the information included in earlier reports, new elements have been introduced e.g. reporting of the number of members and of multi-employer IORPs, of IORPs split by value of technical provisions and split by reaching the thresholds as politically agreed in the discussions on the revision of the IORP Directive. Finally it also plots the evolution of authorised and active cross-border IORPs since EIOPA's first market development report and provides a brief summary of the discussions held at a meeting organised with cross-border market participants and stakeholders.
Full news
Report
© EIOPA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article