European supervision refuses to amend disputed interest rates for Danish pension companies
European Insurance and Occupational Pensions Authority (EIOPA) refuses to make amendments to the so-called VA, which, following an adjustment earlier this year, has proven to be very volatile, costing Danish pension companies DKKmillions in solvency. This development is nothing but a reflection of the market development, says EIOPA.
BY ANNE LOUISE HOUMANN
Danish pension funds have taken an additional blow since the European Insurance and Occupational Pensions Authority (EIOPA) adjusted the index that is decisive of the size of their provisions earlier this year.
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