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The aggregated liabilities of DB schemes continue to outweigh the assets under management. The deficit is caused by a few countries that indicated an aggregated deficit for their DB schemes. None of those few countries has managed to turn this around over the last year. However, for hybrids and DC schemes with a guarantee, the aggregated funding position shows a surplus in all countries participating to the survey.
There are currently eight home Member States for cross-border IORPs with cross-border activities in 17 host countries. As of this year, Malta has been added to the number of home countries while there are no changes regarding the host countries.
According to the supervisor’s 2015 market development report, four funds withdrew from the cross-border market over the last year, while six new funds registered their activity, resulting in the net increase of two to 88.