Speech McCreevy: Pension funds and asset management: A European Perspective
23 September 2005
On the occasion of a conference organised by the Irish Association of Pension Funds in Dublin Commissioner McCreevy said that he expects that 20 out of 25 member states will be “on board” with the pension fund directive by the end of the year.
He emphasised the need for citizens to take control over their own retirement and said that the pension timebomb was ticking and looked set to “explode” in about 2010. “Ultimately however people need to take responsibility while being assisted by forward-looking policies.”
Full speech
© European Commission
