Request approval to introduce a technical business plan to a regulated pension fund or request approval to amend a technical business plan

You are a pension fund and would like to introduce or change a technical business plan? For this you need an approval.

If you want to introduce a new technical business plan for your pension fund or change a technical business plan, you must have this reviewed and approved by the German Federal Financial Supervisory Authority (BaFin). Only then may the new or amended technical business plan be put into effect.

The technical business plan contains, among other things, information on

• the principles for calculating premiums and technical provisions, as well as
• the mathematical formulas and other calculation bases used.

• Application for approval of the introduction or amendment of a technical business plan
• New or modified technical business plan

Forms available: No

Written form required: No

Informal application possible: Yes

Personal appearance required: No

• You want to change a technical business plan at your pension fund that had to be approved by the supervisory authority when it was introduced, or you want to introduce a new technical business plan at your regulated pension fund.
• Your pension fund is supervised by BaFin.

§ 233 (3) sentence 2 in conjunction with § 219 (3) number 1 letter b in conjunction with § 9 (2) number 2 and § 12 (1) sentence 1 VAG; § 234 (6) sentence 1, also in conjunction with § 233 (5) sentence 2, in conjunction with § 336 VAG

• Opposition
• Action for commitment

To electronically submit the application for approval of the new introduction or amendment of a business plan to BaFin, proceed as follows:

• Access the reporting and publication platform (MVP Portal) of BaFin.
  • To be able to make submissions for the "Insurance Supervision" specialist procedure, you must first register in the MVP Portal and then log in with an application for the MVP specialist procedure.
  • For more information on using the MVP Portal, please refer to the "Information sheet on the specialist procedure for insurance supervision".
• Select the specialist procedure "Insurance Supervision" and upload and submit all required documents.
• Upon receipt, BaFin will review your submission.
• You will receive an electronic or postal notification of your application.

There is no deadline. The new or amended technical business plans may only be put into effect after approval.

Fee 1.153,00 EUR (Information on cost composition can be found here)