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Show/Hide section   PFBR - Pension funds Regulation

 
ADMINISTRATIVE INFORMATION
  Title Euro Area Pension Funds Statistics

  Data source National central banks (NCBs) and ECB

  Contact email address Statistical Information Request form

 
TECHNICAL INFORMATION
 
LEGAL AND INSTITUTIONAL ENVIRONMENT
  Institutional mandate The framework for the collection of pension funds (PF) statistics is laid down in the ECB Regulation concerning statistics on the assets and liabilities of pension funds (ECB/2018/2). 

  Legal acts and other agreements Regulation ECB/2018/2 concerning statistical reporting requirements for pension funds

 
SCOPE
  Data presentation - Summary description These statistics refer to the assets and liabilities of euro area pension funds (PFs) and the data currently cover end-of-quarter outstanding amounts, financial transactions and adjustments.

  Data presentation - Detailed description This dataset presents statistics collected under the new Regulation ECB/2018/2 on assets and liabilities of pension funds (PFs) which belong to the sector “pension funds (PFs)” in the European System of Accounts (ESA 2010).

The Regulation will remedy the shortcomings of the non-harmonised and incomplete quarterly statistics on pension funds collected so far, in particular the limited dissemination of transaction data due to insufficient data quality. The enhanced statistics will thus better support monetary and financial analyses, and contribute to the euro area financial accounts.

The previously published ICPF statistics are also available in the Statistical Data Warehouse for the reference periods Q1 2008 to Q2 2016, while PFs data collected under Guideline ECB/2014/15 are available from Q3 2016 to Q4 2019.

  Statistical population PFs resident in the territory of a euro area Member State  form the reference reporting population

  Reference area coverage Euro Area

  Sector coverage Pension funds belonging to the sector "pension funds (PFs)" in the ESA 2010

 
METHODOLOGICAL INFORMATION
  Source data type PFs submit to the NCBs the data that the NCBs require in accordance with Regulation ECB/2018/2 on monetary, financial institutions and markets statistics. These in turn report national aggregates to the ECB.

  Time period These statistics are available as of reference period Q3 2019 for stocks, and Q1 2020 for transactions and other adjustments. 

The previously published ICPF statistics are also available in the Statistical Data Warehouse for the reference periods Q1 2008 to Q2 2016, while PFs data collected under Guideline ECB/2014/15 are available from Q3 2016 to Q4 2019.

  Time period - collection End of the period

  Frequency of data collection Quarterly

  Statistical unit Balance sheet items of euro area pension funds.

 
STATISTICAL PROCESSING
  Data compilation Data are aggregated across the PF sector in each Member State by NCBs to derive national contributions to the euro area aggregated balance sheet of the PF sector.

No consolidation. Inter-PF positions are shown on the balance sheet.

  Adjustment Not adjusted

  Data validation Validation is based on the verification of balance sheet constraints, and on checks on the plausibility of developments at various levels of aggregation.

  Data revision The revisions policy and procedures set by the ECB and the relevant NCB must be followed.

 
QUALITY
  Quality management Quality is ensured by means of a comprehensive legal framework included in the Regulation ECB/2018/2 on statistical reporting requirements for pension funds.

  Accuracy Minimum standards for accuracy:
(a) the statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must balance, subtotals must add up to totals);
(b) reporting agents must be able to provide information on the developments implied by the transmitted data;
(c) the statistical information must be complete and must not contain continuous and structural gaps; existing gaps should be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible;
(d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.

  Timeliness As mentioned in the legal documents, there is a phasing in period until 2022 for the balance sheet data reported on a quarterly basis. Currently the quarterly data are reported by close of business on the 55th working day following the end of the quarter to which the data relate.

 
DISSEMINATION
  Release policy - release calendar See the release calendar for pension funds statistics in the euro area on the ECB’s website.

  Dissemination format Statistical Data Warehouse (SDW) and ECB website

 
MISCELLANEOUS
  Metadata last update 31/JUL/2020 15:33:10

Show/Hide section   Series Level

Show/Hide section  PFBR - Pension funds Regulation

Series Key PFBR.Q.U2.S.S129.A61.T.4.W0.S1._T.EUR
ECB Last update 2020-07-31 10:00:00.0
Reference area Euro area (Member States and Institutions of the Euro Area) changing composition (U2)
Title complement PFBR.Q.U2.S.S129.A61.T.4.W0.S1._T.EUR
Publications ECB Press Release:
Pension funds regulation Assets and Liabilities: Table in chapter 01, section 01 (T0101)
Frequency Quarterly