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13.01.2015 18:42 Age: 3 yrs
Category: Position papers

Better Finance's Response to EIOPA Consultation Paper on Further Work on Solvency of IORPs


Better Finance believes that the issues of IORPs' solvency should be treated very carefully within the context of IORP Directive review. Not only the “HBS” (holistic balance sheet) should be in the centre of focus and also clearly defined in plain English terms to the members, but also additional aspects related to “PBS” (pension benefit statement) such as the solvency of IORPs should be clearly linked to the promises given to members (and sponsors) on one side and the transparency of expected benefits presented in Pension Benefit Statements. These two sides should be well balanced. 

Please find here our comments to EIOPA Consultation Paper on Further Work on Solvency of IORPs.


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