The new IORP II Directive introduces new requirements for governance, own risk assessments and XBRL reporting. The specification for this XBRL reporting is published by EIOPA through a specific Pension Funds Taxonomy. Based on best practices we learned in our years of working in regulatory reporting, such as Solvency II and many national specific additions such as the FTK framework for pension funds in The Netherlands, we have developed an end-to-end solution for Pension Funds. This solution includes all IORP II entry points; annual, quarterly and all the ECB variants. It allows you to provide your data, and we create easy readable reports, including all the validations that are part of the taxonomy, and off course, an up to date version of the XBRL you can file with your regulator.
IORP II Service Information
The service is always up-to-date with EIOPA's latest taxonomy.
Quantitative reporting in Excel and XBRL for solo and group companies.
Validation of all data points with full explanation (as applicable).
Hosted / OnPremise
Fully managed - in a secured data center in the EU or at your own location.
Support for local specific templates both in Excel and XBRL.
All the flexibility you need in a 100% controlled environment.
SecondFloor is a market leading specialized RegTech supplier of risk and regulatory reporting solutions in over 15 countries across Europe. We have extensive experience with the implementation of EIOPA’s requirements, and with the national specific local add-ons. Our mission is to accelerate reporting with innovative and reliable solutions, that facilitate the reporting and governance processes of our customers. In complex regulated environments – with new requirements, more reporting and shorter timelines – our clients feel confident with controlled and audited processes that produce the required reports on time. SecondFloor offers scalable solutions that fit any size of company in the highly regulated financial sector. Request a demo to see for yourself how you can benefit.
This service for pension funds is a subscription based and fully managed by SecondFloor. The service is available hosted in our data center, or can be installed on-premise on your IT infrastructure. We can facilitate the integration with your existing reporting templates for an easy transition.
SecondFloor manages the service including the regulatory updates upon changes by EIOPA, this is included in the subscription. You do not need to worry about future changes in the specifications. Our team closely follows the developments at EIOPA, and is available to assist clients.
Effective and efficient
The service is developed based upon our long term experiences and proven to be user-friendly. For example clients appreciate the validations - as a very helpful and time-saving feature. Furthermore the solution can be customized for a smoother integration with your best-practices.
SecondFloor offers pension funds a flexible subscription for the service. A great opportunity to implement the IORP II reporting without up-front investment. Why not experience it directly with a free trial. Contact our sales for more information or request a trial.