BaFin Requests Information with Respect to Collection of Pension Data

BaFin published a general decree with specifications about the collection of pensions data. It is aimed at all pension funds under the supervision of BaFin as well as at separate settlement associations of public-law pension funds domiciled in Germany, which offer retirement benefits by the way of voluntary insurance. The BaFin notification states that EIOPA intends to prepare reports and statistics on the development of Institutions for Occupational Retirement Provisions (IORPs) in Europe. For this purpose, EIOPA needs data from the national supervisory authorities on pension funds. The general order applies from September 30, 2019.