AEIP responds to EIOPA consultation on Pension Dashboards and Pensions Data
AEIP provided input to EIOPA’s consultation on Technical Advice on the Development of Pension Dashboards and the Collection of Pensions Data. AEIP understands the dashboards’ all-inclusive approach in order to capture all institutions, vehicles and mechanisms through which citizens enjoy social protection and old-age income, since this means that different kind of providers that are not seen for the moment need to be included there. Nevertheless, IORPs, as collectively established, well-monitored and well-functioning institutions, already provide a substantial amount of information. Thus, going further and putting the burden on them is not the right approach and won’t be of added value. As a result, AEIP strongly objects to extending the reporting requirements for IORPs even further than the current ones. In addition, the requested breakdowns are in some cases not even possible based on the information held by the IORP and in any case require further IT development as IORPs does not have this information. Hence, the cost is impossible to estimate on an aggregate level for all IORPs. Please see here the full input of AEIP to EIOPA’s consultation.