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AEIP provided input to EIOPA’s Public Consultation on IORP’s Reporting Rules

Homepage News AEIP provided input to EIOPA’s Public Consultation on IORP’s Reporting Rules

AEIP provided input to EIOPA’s Public Consultation on IORP’s Reporting Rules

Cécile Henrotte
18/07/2022
News, Position Papers

On 18th July AEIP provided input on the Public Consultation of EIOPA regarding the regular information requests to national competent authorities (NCAs) for occupational pension information. In its consultation response AEIP highlighted that there are no compelling arguments to justify amending the existing requirements, given the cost impact of these changes especially for small and mid-sized IORPs and it remains too early to have a review of the previous information request. It would be appropriate to initiate potential new requirements after the review of the IORP II Directive, which is still in the process of full implementation and in all cases, any new detailed reporting requirements should benefit the IORPs, its members and beneficiaries.

 

Moreover, some of the additional reporting requirements are being justified by EIOPA in order to allow for comparison. However, the heterogeneity in Europe, not only between the different countries but also within the member states does not allow for comparisons and aiming to make them can only lead to wrong conclusions.

 

In addition, AEIP stresses that EIOPA should aim to make use of information that is already collected by the European Institutions. When additional data is required by EIOPA, it should be always taken into account if the additional insights that is intended will make up the cost for this additional data for the IORPs, which are often significant and at the end are mainly paid by the beneficiaries through lower pensions.

 

For more the full AEIP’s response, please see here.

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Wednesday, 30, Apr
Mapping report of social ID Cards in the Construction Sector Across the European Economic Area
Tuesday, 22, Apr
The European Association of Paritarian Institutions – AEIP is looking for a Policy Advisor & Project Officer – Construction Sector, Healthcare & Provident Funds to assist in its lobbying & project management activities in Brussels
Friday, 4, Apr
AEIP welcomes the EU eDeclaration proposal and calls for targeted enhancements to ensure fair posting and compliance
Friday, 7, Mar
AEIP underlines the potential of paritarian occupational pensions in securing financial retirement stability for European citizens
Tuesday, 4, Feb
AEIP welcomes the Single Market Strategy’s aim to create new momentum for a modernised single market
Friday, 17, Jan
AEIP reply to EIOPA’s consultation paper on the draft Opinion on the supervision of liquidity risk management of IORPs

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