On 17 December the European Insurance and Occupational Pensions Authority (EIOPA) published its final opinion on the proposed reforms as part of the 2020 review. The EIOPA suggests implementing a smoothed introduction as long as interest rates stay below 0.5%. During the smoothing period, the speed of convergence to the Ultimate Forward Rate is reduced. This paper summarises the effects of changes to the speed of convergence on the discount curve and the introduction of the speed of convergence drag.