Solvency II guidelines confirm charge for employee pensions

Assets backing pension liabilities will be included in SCR

balance sheet

New Solvency II guidelines confirm that insurers will have to look through to assets held in their employee pension schemes when calculating their Pillar I requirements, increasing the capital burden of the directive for some firms.

On June 2, the European Insurance and Occupational Pensions Authority (Eiopa) released more than 700 pages of guidelines for public consultation. These are designed to help ensure the "common, uniform and consistent application of Union law".

The text on employee ben