According to PensionsEurope statistics 2017 our Member Associations represent:
- Pension funds: €3549 billion assets and 65 million Members and 27 million Beneficiaries;
- Book reserves: €334 billion assets and 10.2 million people;
- Group insurance: €61 billion assets and 7.7 million people;
- The 3rd pillar personal pensions: €139 billion assets and 16.3 million people.
You can find the PensionsEurope statistics 2017 here
PensionsEurope welcomes that the ECB, EIOPA, Eurostat, and OECD try to align their reporting standards for pension funds. We encourage them to align all the reporting standards together with the national competent authorities as much as possible. We support the principle to leave a lot of flexibility to the Member States in the process of data collection and distribution. A starting point should remain the so-called ‘one-stop-shop’-concept, and considering the amount of information already available, the NCAs should play a central role therein. Please find PensionsEurope answer to the EIOPA consultation here.
In our answer, PensionsEurope thanks the ECB for an open dialogue on streamlining statistical reporting requirements for pension funds, and taking many concerns by PensionsEurope into account so far. We also highlight our remaining concerns and stress that we are ready and willing to further provide our expertise to the ECB in order that the benefits of the new reporting requirements will outweigh the costs. Please find our general remarks here and specific comments here.