EFRP: Pensions in the 21st Century

21 June 2006

At its 25 years anniversary event in Brussels the EFRP presented their views on supplementary or occupational pension provision and EU-level action. EFRP reiterated that Europe will have to modernize its pension systems and strongly supports a solid three pillar model backed by a sound financial system and a stable macroeconomic environment. Also, research supports the view that private pensions based on collectivity and risk-sharing are likely to out perform individual arrangements.

EFRP urges Member States to implement the EU “better regulation agenda” and to deregulate the pensions’ regulatory framework.

With regard to the trend away from defined benefit towards defined contribution schemes, these new systems deserve attention and must be fitted into the EU three pillar pensions model.

Press release

© EFRP - European Federation for Retirement Provision