Database of pension plans and products in the EEA

The compilation of registered Database of Pension Plans and Products herein is intended to provide easily accessible information in accordance to Article 8 of EIOPA Regulation.

The Database is a unique resource providing a comprehensive snapshot of the European pensions’ landscape and helps to better understand pension systems in Europe.

The Database has been prepared by EIOPA on a best effort basis, with contributions from national competent authorities. Adjustments and simplifications were applied both in defining characteristics of plans and products and in providing the information by the authorities. Therefore, the Database should not be interpreted as a fully complete, “official” list of all pension plans, products or their providers available in EEA. Similarly, the definitions and classifications used have been established for the purpose of the Database and are not binding in any way.

In addition, for some countries the information contained in the Database may not be entirely explicative of the national context.

Scope

Plans and products included in the Database are those non-public arrangements and investment vehicles which have an explicit objective of retirement provision (according to a national social and labour law or tax rules) irrespective whether they are of occupational or personal type.

Both 1st pillar-bis pensions available in the Central and Eastern Europe (CEE) and plans/products which are defined in the legislation but not yet offered to the public (or have no members) are also included.

The pension plans managed by the State or public entities (1st pillar pensions) and “pure” annuities (i.e. products not linked to an accumulation phase) are excluded from the Database. 

The Database is aimed to be updated, checked for completeness, consistency and methodological aspects on an annual basis.

EIOPA has prepared this compilation from information received from EEA national competent authorities. EIOPA accepts no responsibility or liability whatsoever.

Any comments or questions on this compilation should be addressed to registers@eiopa.europa.eu

Previous Database of pension plans and products in the EEA

Excel Spreadsheet 

Guide for Compilation

Statistical Summary​​

Country code:
Code of a pension plan, product or a provider - code level 1:
Name of a type of a pension plan, product or a provider - linked to code level 1:
Sub-kinds of level 1 classification - code level 2:
Applicable EU law/regulation:






Current/Historical data:

Results
Export Pension plans and products in EEA Register Data to CSV | Excel
Country codeCode of a pension plan, product or a provider - code level 1Name of a type of a pension plan, product or a provider - linked to code level 1Sub-kinds of level 1 classification - code level 2Applicable EU law/regulationEU law/regulation taken as informal reference by national legislationCompleteness of relevant regulationFirst Pillar bisOccupational vs. personal (OECD definition)Occupational vs. personal (based on EIOPA response to CfA)Employer contributionsMember contributionsDC vs. DBExposure to investment risk for memberFunding vs. unfundingFinancial vehicleMembershipTarget group of a plan/productDistribution channel to members (workplace)Distribution channel to members (external sales network)Distribution channel to members (internet)Distribution channel to members (other)Investment optionsPay-out phase (annuity)Pay-out phase (lump sum)Pay-out phase (programmed withdrawals)Pay-out phase OtherComment field – linked to the fields from 'Occupational vs. personal (OECD definition)' to 'Pay-out phase Other'The employee has a choice as to the pension product/plan providerComment – linked to the 'The employee has a choice as to the pension product/plan provider' fieldLinks to the 1st pillar pension system (SS)Links to the 1st pillar pension system (retirement age)Links to the 1st pillar pension system (opting-out and/or opting-in)Other links to 1st pillar pensionsGovernance requirementsOther SSL requirementsSpecific tax incentivesComment - linked to the fields from 'Links to the 1st pillar pension system (SS)' to the 'Specific tax incentives'Number of active members (sub-kinds) as at [year(t-1)]Number of active members (sub-kinds) as at [year(t)]Total assets or Total assets under management (sub-kinds) as at  [year(t-1)] (million €)Total assets or Total assets under management (sub-kinds) as at  [year(t)](million €)Number of active members (Latest available data)Total assets or Total assets under management (Latest available data) (million €)Comment - linked to fields 'Number of active members (Latest available data)'  and 'Total assets or Total assets under management (Latest available data) (million €)'Number of active members as at [year(t-1)]Number of active members as at [year(t)]Total assets or Total assets under management as at [year(t-1)] (millions €)Total assets or Total assets under management as at [year(t)] (millions €)Number of plans, products, providers as at [year(t)]General comment for quantitative indicatorsYear (t)Submission dateActivity start dateActivity end date
HUHU-1Magánnyugdíjpénztár voluntary privatly managed pension funds (ex-mandatory)HU-1.1SSR YesYespersonalpersonalnot possiblevoluntaryDCfull exposure to investment riskFundedSegregated assetsVoluntaryIndividualsnilnilimportantlimitedMultiple investment optionspossiblepossiblenot possibleNo benefits apart from retirement benefits providedAccording to the modified Act on private pension funds employers may not pay contribution to the private pension funds According to the modified Act on private pension funds membership in a private pension fund is voluntary, it is not linked with an employment relationship. (The answers reflect the current situation. The legal background may change in the near future which may affect the answers given.) Yes YesYesYesYesRepresentation of members onlyYesNoThe answers reflect the current situation. The legal background may change in the near future which may affect the answers given.6241561498650,36662,9259580687,00*Assets of private pension funds at market value at 2015.09.30. (non audited data)6241561498650,36662,924 201502/12/201501/01/1998 
HUHU-2önkéntes nyugdíjpénztár Voluntary pension fund HU-2.1NELNELYesNopersonalpersonalvoluntaryvoluntaryDCfull exposure to investment riskFundedSegregated assetsVoluntaryIndividualsimportantimportantimportantlimitedBoth possiblepossiblepossiblepossibleProgrammed withdrawal as fixed or life-long benefit, fixed term annuity, lump sum payment (a pension benefit or any lump-sum cash payment or a combination of the two that is disbursed to a fund member from his individual account as chosen by the fund member, after he reaches retirement age, from the methods afforded in the bylaws) Types of benefits provided (apart from retirement benefits): lump-sum cash payment, return payment (after 10 years per 3 years) Other cash withdrawal possible after 10 years membership per 3 years (not regarded as benefit from tax purposes)The employee may overtake partially or in whole the payment from the member (employer contribution). This is just a possibility for the employer but if he pays employes contribution he has to pay after all employees who have at least 6 months employment relationship at the employer. up to the pension fund there can be choicable portfolio system also can be annuities and programmed withdrawals, up to the member Yes YesYesNoNoRepresentation of members onlyNoYesRepresentation of emloyers is also required in specific cases (4.6) Voluntary pension funds are wide spread in the country, the first funds were established in 1994, non-pension PRIPs products were developed only later in the country. The possibility of employer contribution is a big advantage of this product in comparison with non PRIPs products. 118502211696253348,853207,4211607163624,60*Assets of voluntary pension funds at market value at 2015.09.30. (non audited data)118502211696253348,853207,4145 201502/12/201501/01/1994 
HUHU-3Nyugdíjbiztosítás Pension insurance products of life assurance companiesHU-3.1LAD YesNopersonalpersonalnot possiblevoluntaryhybridOtherFundedContractual obligationVoluntaryIndividualsnilimportantimportantlimitedBoth possiblepossiblepossiblenot possible In case of traditional pension insurance investment risk the assurance undertakings bears an investment risk. In case of UL the client bears an investment risk.. In pay out phase members have the possibility to purchase annuity.Yes YesYesNoNoNo requirementsNoYesFrom 1 January 2014, an (independent) annual tax allowance is granted on newly concluded pension insurance contracts, amounting to 20% of the pension insurance premium paid during the tax year, and maximum HUF 130,000. 0701150,0051,85114485109,56Since 1st January 2014 the pension insurance has been defined in Act on Personal Income Tax. It is a new business portfolio, therefore the assets given are considered to be as gross written premium and not technical reserves. (mill EUR)0701150,0051,8518Since 1st January 2014 the pension insurance has been defined in Act on Personal Income Tax. It is a new business portfolio, therefore the assets given are considered to be as gross written premium and not technical reserves. (mill EUR)201502/12/201501/01/2014 
HUHU-4IORP-Foglalkoztatói nyugdíjszolgáltatásHU-4.1IORP YesNooccupationaloccupationalvoluntaryvoluntaryDCfull exposure to investment riskFundedContractual obligationVoluntaryBoth workforce and individualspredominantnilnilnilMultiple investment optionspossiblepossiblenot possiblebenefit for a defined periodThe employee may overtake partially or in whole the payment from the member. The details are specified in the employment contract. All types are possible. In case of workplaces with smaller number of employees the employees may influence the choice of the employer. (No experience, the first IORP started operation in February 2011.) Some employers join an IORP upon the recommendation of an agent. (No experience, the first IORP started operation in February 2011.) is also possible up to the pension scheme all kind is possible Yes YesYesNoNoNo requirementsYesYesno requirements1836100,160,586180,70*Assets of technical reserves at market value at 2015.09.30. (non audited data)1836100,160,581 201502/12/201501/01/2011 
HUHU-5Retirement Saving Account (RSA - Hungarian definition is Nyugdíj-előtakarékossági Számla - NYESZ)HU-5.1NELNELYesNopersonalpersonalnot possiblevoluntaryDCfull exposure to investment riskFundedAutonomous entityVoluntaryIndividualsnilimportantimportantlimitedMultiple investment optionsnot possiblepossiblenot possible  Yes YesYesNoNoNo representationNoYes 1595711507451679,441666,051386621640,81*Assets at market value at 2015.09.30. (non audited data)1595711507451679,441666,0530 201502/12/201501/01/2006 
ISIS-4Starfstengdir lífeyrissjóðir (IORP)IS-4.1IORPIORPYesNooccupationaloccupationalvoluntarymandatoryDCfull exposure to investment riskFundedAutonomous entityVoluntaryBoth workforce and individualspredominantnilnilnilNo investment optionspossiblenot possiblenot possible3The Directive 2003/41/EC is fully implemented by law 78/2007, but an IORP has not been establishedNo YesYesNoNoNo representationYesYesAn IORP has not been established000,000,0000,00 000,000,000 201410/12/201501/01/1900 
ISIS-3Séreignasparnaður|Personal pension schemeIS-3.1NELNELYesNopersonalpersonalvoluntaryvoluntaryDCfull exposure to investment riskFundedSegregated assetsVoluntaryBoth workforce and individualsimportantimportantlimitedlimitedMultiple investment optionspossiblepossiblepossible3 Yes YesYesYesNoNo representationNoYes 1160621259212600,602791,901259212791,90 1160621259212600,602791,9024 201410/12/201501/01/1900 
ISIS-2Lífeyrissjóður|Mutual insurance divisionIS-2.1NELNELYesNooccupationaloccupationalmandatorymandatoryDCfull exposure to investment riskFundedAutonomous entityMandatoryBoth workforce and individualspredominantlimitedlimitedlimitedNo investment options100%mandatorynot possiblenot possible4 NoChoice in some casesYesYesNoNoRepresentation of employers and employeesYesYes 14511413980910814,201193,401398091193,40 14511413980910814,201193,4017 201410/12/201501/01/1900 
ISIS-1Lífeyrissjóður-public sector|Mutual insurance division guaranteed by the state and municipalitiesIS-1.1NELNELYesNooccupationaloccupationalmandatorymandatoryDBNo exposure to investment riskFundedAutonomous entityMandatoryBoth workforce and individualspredominantnilnilnilNo investment options100%mandatorynot possiblenot possible4Partially funnded. Present funding ratio close to 60%No YesYesNoNoRepresentation of employers and employeesNoYes 51362436534333,104746,50436534746,50 51362436534333,104746,5010 201410/12/201501/01/1900 
FRFR-1Schemes under article 39 of the French General Tax CodeFR-1.1IORP|IORP art.4|LAD YesYesoccupationaloccupationalmandatorynot possibleDBNo exposure to investment riskFundedContractual obligationMandatoryWorkforce of a single employerpredominantnilnilnilNo investment options100%mandatorynot possiblenot possible  No YesYesNoYesRepresentation of employers only YesYes 0037241,0039269,00037241,00Latest data are as at 31.12.20140037241,0039269,000 201401/07/201631/12/2014 
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