According to the Federation of Dutch Pension Funds, the period available for the QIS was far too short to carry out an adequate and thorough study and to assess the potential consequences satisfactorily. The consequences of, for example, the practical impact of the so-called Holistic Balance Sheet (HBS) approach have been insufficiently analysed. It would, therefore, be extremely undesirable if EIOPA, the European supervisory authority for pensions, and the European Commission were only to base the review of the IORP Directive on the outcome of this QIS.
To the position paper: Pensioenfederatie: Position Paper First Quantitative Impact Assesment run by the Dutch Pension Funds.
*In cooperation with the Federation of Dutch Pension Funds