Regulatory Alerts2018-12-20
Information Requirements Regulation for Pensionskassen
The Financial Market Authority of Austria issued this regulation to standardize the content and structure of information that Pensionskassen must provide to beneficiaries, survivors, and insured persons. It mandates detailed annual statements of account for both entitled beneficiaries and recipients, requiring specific data on contributions, reserves, investment performance, and pension forecasts. Additionally, the regulation specifies disclosure obligations for general company information, events such as reaching pensionable age, benefit payouts, and switching between investment groups.
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