20130725 – London
Report on Market Developments in cross-border IORPs published by EIOPA
Yesterday the European Insurance and Occupational Pensions Authority (EIOPA) published its 2013 Report on Market Developments in cross-border IORPs.
The report gives an overview of the developments in cross-border arrangements of institutions for occupational retirement provision (IORPs) for the period June 2012 to June 2013.
The report concludes that during the period June 2012 to June 2013, 2 new cross-border IORPs were reported and 4 cross-border IORPs were withdrawn. Overall there was a slight decrease in the number of IORPs operating cross-border to 82 from 84 in 2012. The number of home states did not change compared to 2012 and remains at 9.
The number of host states has decreased from 22 to 19. In general, across the European Economic Area, 11 countries are not on the list of host states.
