EIOPA publishes its 2016 market development report on occupational pensions and cross-border institutions

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Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its 10^th Report on Market Developments with regard to Occupational Pensions and Cross-border Activities of Institutions for Occupational Retirement Provisions (IORPs).

The report provides a comprehensive overview of the European occupational pensions landscape, giving a detailed insight into IORPs active nationally and those operating on a cross-border basis.

The results of the report show that during the reporting period the number of active cross-border IORPs rose from 76 to 79. There are currently eight home countries for IORPs with cross-border activities in 17 Member States.

Out of total IORPs' and Article 4 IORP Directive ring-fenced funds' assets under management (EUR 3,83 trillion), less than 1.65% are related to cross-border activities, which slightly increased compared to the 2015 market development report. This proportion demonstrates that further progress in promoting cross-border schemes in the European Union is needed to create a true single European market for occupational pensions.