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European Insurance and Occupational pensions Authority: EIOPA publishes the first EU assessment of the financial situation of pension funds

( July 4, 2013, 12:53 GMT | Official Statement) -- MLex Summary: Corporate pension providers would contribute to a clearer picture of their actual financial position if they applied the "holistic" balance sheet approach when assessing their assets and liabilities, the European Insurance and Occupational Pensions Authority said in its first EU-wide review of pension funds. Under this market-consistent, risk-based approach, they would be required to clarify support arrangements, pension protection schemes and benefit adjustment mechanisms.The text of the statement follows. Click on the attachment below for the full document....

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