On 21 April 2016, Insurance Europe issued a press release in response to EIOPA's consultation on the ultimate forward rate (UFR). This notes the requirement that the UFR be stable over time and should only be adjusted due to changes in long-term expectations. Insurance Europe also comments that changes to UFR may have a significant impact on insurers and the UFR should continue to be aligned with the outcome of the long-term guarantee assessment and Omnibus II. It also states that the focus on UFR and changes in the short term is ill-timed and that insurers should be able to focus on Solvency II implementation without further uncertainty.