Revision to solvency rules may be expensive for Danish pension funds

The EU is evaluating The Solvency II Directive, which came into force in 2016. In the light of lower interest rates, the European authority for insurance and pension funds is suggesting changes that might be expensive for Danish pension funds. PFA understands the reasoning behind the changes, but are annoyed by the seemingly 'zig-zagging' road ahead.

Photo: PR/PFA

At the start of 2016 The Solvency II Directive for European insurance and pension funds came into force. The directive, which aims to minimize the risk of companies becoming insolvent, will be evaluated after five years.

The European authority for insurance and pensions, EIOPA, has started the evaluation process with a 900-page long report, and if EIOPA convinces European politicians to implement their recommendations, it might be expensive for Danish pension funds.

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