Feedback on the QIS for IORPs

The European Insurance and Occupational Pension Authority (EIOPA) is in the process of reviewing the directive on the Institutions for Occupational Retirement Provision (IORP directive). The aim of the directive is to ensure European regulatory consistency across sectors and enhance members and beneficiaries protection. In light of this directive, a Quantitative Impact Study (QIS) took place in the fourth quarter of 2012. EIOPA is currently preparing a preliminary set of results and is expected to publish a final report by May 2013.

This report includes some general feedback on the QIS exercise with a specific focus on the Belgian market. In order to illustrate important features, a case study with some sensitivity analyses is included. This report also describes the limits of the study and a discussion of next steps for the implementation.