Regulatory Alerts2019-09-27
Regulation on Calculation Parameters for Pensionskassen (PK-RPV)
The Financial Market Authority (FMA) issued this regulation to establish maximum permissible calculation parameters for Austrian Pensionskassen contracts. It sets the assumed interest rate at 2.00% and the technical surplus at 4.00%, with lower limits of 1.25% and 2.25% respectively for security-oriented IRG products. The rules mandate prudent parameter selection to ensure obligation fulfillment during adverse market conditions and apply to new contracts concluded after June 30, 2016.
Share