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European Insurance and Occupational Pensions Authority

1787

Q&A

Question ID: 1787

Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities

Article: 35

Template: S.05.01

Status: Final

Date of submission: 17 Jan 2019

Question

What are the requirements to S.05.01.01 regarding investment management expenses for unit-linked products: in case investment management expenses are built in a product as a charge on the policyholders’ investment returns, should they be reported in S.05.01.01 or not?

(OBS: A company is including these expenses in best estimate calculation.)

EIOPA answer

Investment management expenses for unit-linked business should be reported in S.05.01. Please note that Investment management expenses are usually not allocated on a policy by policy basis but at the level of a portfolio of insurance contracts.

As the amount is reported by LoB the analysis of the expenses for Unit-linked business has to take this aspect into consideration but the amounts should be reported.