Why does the EC thinks there is a need to review existing rules for pension funds?
-
because it needs to ensure that consumers who take out pension funds are properly protected and are guaranteed that the pensions funds they put their money in are robust and will be able to pay out, when the right time comes;
-
because strong occupational pensions are essential for long-term fiscal sustainability. This is particularly important in a context where the European population is ageing quickly;
-
because it needs to strengthen the Single Market for occupational retirement provision, and make it easier for providers to offer pension products across Europe. This will mean more choice for consumers.
The proposals Barnier will make before the end of the year will be based on in depth impact assessments.
Full statement
© European Commission
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article