PensionsEurope answered on 29 November the EC consultation regarding administrative burden and the rationalisation of reporting requirements.
In our position paper we hilighted that the regulatory burden on pension funds has and will continue to increase significantly due to IORP II Directive and cross-sectoral legislation such as the Sustainable Finance Disclosure Regulation (SFDR) and Digital Operational Resilience Act (DORA) resulting in unnecessarily high reporting burden and administrative costs.
