For Fund Administrators
A big challenge also for fund companies
Solvency II has a significant impact on fund companies as well.
Even if the insurers, pension funds or retirement institutions (IORPs, professional pension institutions, church and municipal institutions) have to comply with the new legal regulations, the fund companies have to provide the required data about the evaluation and composition of the funds.
Fund review is not optional - but legal
How attractive a mutual fund is for an insurance company is directly related to the uncomplicated and regular provision of the required fund review data. On the one hand, a lack of transparency can be punished with a very high mandatory equity ratio of up to 95%. On the other hand, to fulfil the extensive reporting obligations to the supervisory authorities. For this, the so-called "Quantitative Reporting Templates" (QRTs) are essential - in particular the fund review report S.06.03.
The requirements on the required data are high. For example, funds should also be transparent regarding their target funds to prevent mentioned negative impact.
Successful business with service as a success factor
Insurers are by far the largest group of fund investors. Due to the high dependency, it is most likely that insurers will try to reduce the number of sources of supply. Fund companies that do not publish look-through data risk losing insurance companies as customers.
On the other hand, those fund companies that can offer a very good service have promising opportunities to successfully expand their business with insurers.
If you have any questions please don‘t hesitate to contact us:
Telephone +49 2131 777-400
FIN XN – The Financial Exchange Network
The acquisition of fund data is often a struggle. Thanks to FIN XN it is simple to obtain the data from a centralised source.
FIN XN servers are located in a secure environment over redundant data centres in Germany. The data transfer is safe and transparent.
Save time with the centralised and standardised data exchange and the automatic verification of data. You only pay for the funds and services you use.
The look-through funds data is tamper-proof, comprehensible and reproducable. Furthermore, the entire process is auditable.
With just a few clicks, you can subscribe to additional funds.
With an increasing amount of funds, it becomes difficult to keep track of everything. By using FIN XN, this is going to change. Thanks to the comprehensive status system and the simple interface, you have complete control over new data or data that you have already downloaded.
FIN XN is a web application so there is no need to waste time with long installation procedures. Right after the registration, you are able to use all the features you need.
We offer a wide variety of additional services, such as providing the fund data in a special data format which fulfils the requirements of the report S.06.03 (Assets-D4).
Our competent experts are always available to assist you with any question.