17/06/2020 (Agence Europe) – Insurance Europe asked the European Insurance and Occupational Pensions Authority (EIOPA) on Wednesday 17 June to clarify the reporting requirements for the pan-European personal pension product (PEPP), as part of a public consultation on implementing technical standards. The organisation believes that EIOPA should further streamline the amount of information that will need to be reported, fearing that the approach taken would be too cumbersome and costly. Insurers are already subject to reporting obligations under ‘Solvency II’. Reporting on the PEPP should therefore be integrated with the annual reporting under Solvency II, according to the organisation, in order to minimise the cost and burden of compliance. Insurers are also in favour of annual disclosure of information on the PEPP. See Insurance Europe’s full response to the consultation: https://bit.ly/3emXBKZ (MF)