EIOPA publishes giant consultation on solvency for pensions
The European Insurance and Occupational Pensions Authority (EIOPA) has published a 163-page consultation paper on potential new solvency requirements for pension schemes.
EIOPA is considering how the so-called ‘holistic balance sheet’ might be used by pension regulators to set solvency and minimum funding requirements. The consultation paper makes a variety of suggestions for a new framework, covering issues such as how to value sponsor support and the extent to which pension protection schemes ought to be recognised.
The proposed scope of the regime ranges from:
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