EIOPA is consulting on the methodology used to derive the ultimate forward rate (UFR) and its implementation under the Solvency 2 regime. The UFR should be stable and only change as a result of changes in long-term expectations. EIOPA points out that any such change should be based on a clearly specified methodology that allows insurance and reinsurance undertakings to make scenario calculations. EIOPA notes that the currently used UFRs will not be changed until at least the end of 2016. The consultation closes on 18 July. (Source: EIOPA consults on Solvency 2 UFR methodology)