EIOPAs opinion on the supervisory reporting of costs and charges of IORPs is aiming to assess the value for money and affordability of occupational pension schemes.
Members and Trustees require evidence led value for money KPIs from their service providers, who oversea investment and administration. At the same time, key stakeholders want to thoroughly understand the underlying attributes of performance, and how investment decisions create better outcomes for members, stakeholders, and society as a whole.
EIOPA - thorough its ‘Opinion on the supervisory reporting of costs and charges of IORPs’ - is seeking to push this message across Europe and is using the Dutch cost transparency model as a centerpiece solution to drive a new era of EU cost transparency for IORPs.
IBI through enhanced product innovation - that includes leading academic bodies - has acquired the skillset and the infrastructure to build a Pan-European cost transparency platform, that: ‘enhances the value for money offered to members and beneficiaries, the cost efficiency of IORPs and the affordability for sponsors’ as outlined in EIOPA’s Opinion on the supervisory reporting of costs and charges of IORPs.
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