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EU insurers should disclose impact of reduction of transitional benefits, Eiopa says

( December 21, 2016, 15:36 GMT | Official Statement) -- MLex Summary: EU insurers should let investors know in advance about the impact on their capital strength of expected reductions in the transitional benefit, the European Insurance and Occupational Pensions Authority has said. Under EU rules known as Solvency II, transitional capital decreases at the beginning of every year, over a 16-year period. National authorities aren't bound by Eiopa's recommendation.The statement follows. Click on the attachment below....

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