PensionsEurope conducted this survey among its members in order to provide an overview of different initiatives on tax, investment and other government policies that affect workplace pensions at national level as a direct or indirect result of the ongoing financial crisis.
PensionsEurope strongly warns against measures such as the nationalisation of pension assets and excessive taxation that reduces and discourages pension savings as well as any other measures that threaten the adequacy and sustainability of pensions. With its ageing population, Europe faces enormous challenges in providing adequate and sustainable pensions. A cornerstone of European pension policy is to shift the pension burden towards funded pensions of which workplace pensions form the most important part. Thus all policies should aim to increase workplace pension savings, not the contrary.
Matti Leppälä, CEO of PensionsEurope, said: "Effective pensions policies have to be for the long run. If governments tamper with workplace pensions, people will rightly lose trust in them. And if drastic measures, such as nationalisation of pension funds are used, it will take decades to build them up again. People in Europe need good pensions and that will not happen without good workplace pensions."
Full press release
© PensionsEurope
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