The Bergen City Council Pension Fund (BKP) is one of the largest pension funds in Norway. With assets of nearly EUR 2bn, BKP will be required to submit EIOPA's new reports for pension schemes from Q3, 2019. BKP have successfully reported to the Financial Supervisory Authority of Norway as part of a test exercise. The pension fund is now well prepared to meet the reporting requirements.
Given a number of technical issues, the Pensions Authority has decided to defer the collection and reporting of data to EIOPA. Pension schemes will therefore not be required to submit EIOPA data separately to the Pensions Authority for a temporary period. This period is expected to be short.