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Show/Hide section   PFB - Pension Funds Assets and Liabilities

 
ADMINISTRATIVE INFORMATION
  Title

Pension Funds Assets and Liabilities

  Data source

European Central Bank

  Contact email address

Statistical Information request form

 
LEGAL AND INSTITUTIONAL ENVIRONMENT
  Legal acts and other agreements

Guideline ECB/2014/15 on monetary and financial statistics (recast)

 
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 and selected financial transactions.

  Data presentation - Detailed description

This dataset presents statistics on the assets and liabilities of pension funds (PFs) which belong to the sector “pension funds (PFs)” in the European System of Accounts (ESA 2010). These statistics replace the non-harmonised euro area pension funds statistics that have been published by the ECB in the context of euro area insurance corporations and pension funds (ICPF) and data are available as of Q1 2016. The new pension funds statistics differ from the previously published statistics in terms of completeness and level of detail - a direct comparison of the new and old statistics is therefore not always possible. The previously published ICPF statistics are also available in the Statistical Data Warehouse for the reference periods Q1 2008 to Q2 2016.

  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

The statistical requirements for pension funds (PFs) statistics are laid down in the Guideline of 4 April 2014 on monetary and financial statistics (ECB/2014/15) (as amended by Guideline ECB/2015/44), which defines the statistical standards on the type of information on PFs’ assets and liabilities that have to be compiled by the national central banks for the PF sector. These in turn report national aggregates to the ECB.

  Time period

These statistics are available as of reference period Q1 2016 and replace the non-harmonised euro area pension funds statistics which have been published by the ECB in the context of euro area insurance corporations and pension funds (ICPF). ICPF data, including PFs data, are available for the reference periods Q1 2008 to Q2 2016.

  Time period - collection

Quarterly

  Frequency of data collection

Quarterly

  Statistical unit

Balance sheet items of euro area pension funds.

  Accounting conventions

Transactions are calculated on the basis of outstanding amounts (stocks) corrected for the effects of reclassifications and revaluations.

 
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.

All growth rate computations refer to an index of notional stocks, rather than to the stock data directly. This allows to present developments in the series free of the effects that non-transactions would have on the growth rate of stocks. The index of notional stocks is computed as a chain index I(t) = I(t-1)*[1+F(t)/S(t-1)], where F(t) are transactions during the period and S(t-1) are stocks at the end of the previous period. The index is computed in a way similar to that used in monetary financial institutions (MFI) statistics, on which more information is available in the Technical Notes to the Euro area statistics section of the ECB Statistical Bulletin.

  Adjustment

Neither seasonally nor working-day 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 - policy

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

  Quality management

Quality is ensured by means of a comprehensive legal framework included in the Guideline ECB/2014/15 on monetary and financial statistics (recast).

  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.

 
DISSEMINATION
  Release policy

Publication approximately 12 weeks following the reference period.

  Release policy - release calendar

See the release calendar for financial vehicle corporations statistics in the euro area on the ECB’s website.

  Dissemination format

Statistical Data Warehouse (SDW) and ECB website

 
MISCELLANEOUS
  Metadata last update 09/JAN/2019 10:23:28

Show/Hide section   Series Level

Pension Funds Assets and Liabilities
Show/Hide section   PFB: PFB.Q.U2.S.S129.A1N.T.1.W0.S1._T.EUR

Title Complement Euro area (changing composition), reporting institutional sector Pension funds - Currency and deposits - nominal value - All original maturities - Outstanding amounts at the end of the period (stocks) - counterpart area World (all entities, including reference area, including IO) - counterpart institutional sector Total economy - All currencies - Euro
Series Key PFB.Q.U2.S.S129.A1N.T.1.W0.S1._T.EUR
ECB Last update 2019-04-04 10:00:00.0
Unit Millions of Euro
Reference area Euro area (Member States and Institutions of the Euro Area) changing composition (U2)
Decimals Zero (0)
Time period collection End of period (E)
Title complement Euro area (changing composition), reporting institutional sector Pension funds - Currency and deposits - nominal value - All original maturities - Outstanding amounts at the end of the period (stocks) - counterpart area World (all entities, including reference area, including IO) - counterpart institutional sector Total economy - All currencies - Euro
Publications Pension Funds Assets and Liabilities: Table in chapter 01, section 01 (T0101)
Statistics Bulletin: Table in chapter 02, section 12 (T0212)
Frequency Quarterly