The number of cross-border IORPs active in the EEA has risen from 48 to 70 over a time period of 18 months, according to CEIOPS'
2008 Report on Market Developments. Cutoff dates were January 2007 and June 2008, respectively. The bulk of those cross-border plans is still focused on the country pair Ireland - UK, representing 50% of all plans, down from 60% on last count. Most of the activity happened in Austria, Belgium and Luxembourg. Removing the basis effect of plans�that have been in operation prior to the implementation of the Pensions Directive, the growth in plan numbers increases to 244%.
While it's good to see some activity picking up, it's still too slow to constitute significant momentum, even if rebased.
Labels: CEIOPS, EEA, Ireland, surveys, UK