We help compliance & risk managers to disclose cost in an uniform format
National EU supervisors are expected to assess the cost efficiency of pension funds, the affordability for sponsors and the value for money offered to members and beneficiaries. The outcomes of the comparative analysis are expected to be considered within the supervisory review process, including in the dialogues with the pension fund management boards.
EIOPA, the European Insurance and Occupational Pensions Authority, plays active role in building a common Union supervisory culture as well as in ensuring uniform procedures throughout the Union.
A pan-European drive for increased cost transparency led by EIOPA - based on the Dutch model that includes cost benchmarking - where EIOPA concludes: “The publication of the results of benchmarking assessments can bring benefits to the market in the form of peer-pressure for IORPs to select cost-efficient asset managers and improve further competition between service providers”. EIOPA’s opinion has recently been provided to the competent authorities of the country member states.
IORP - Institutions for Occupational Retirement Provision
How IBI Benchmarking can help
Easily see in a few pages if the policy defined by the fund has delivered the expected outcome. Receive an independent overview and peer comparison.
Clearly communicate strategy and cost impact with all stakeholders. This makes the decision-making process easier, and saves a lot of time.
Use the UPKO quick-read summary report for uniform reporting and stakeholders inclusion.