August 2022
17Aug

This is how long people across Europe can expect to work

Whether you love your job—or dream of retirement—most of us want to know how long our working lives will last. The next generation of Europeans are expected to work for an average of 36 years, although there are big differences between countries. Working lives in Europe have been getting longer since 2001, according to the European Commission’s data service Eurostat. They shortened slightly for the first time in 2020 because of COVID-19, but are now up to their pre-pandemic level. The...

August 17, 2022
News, , ,
Read more...
11Aug

Public Redistribution in Europe: Between Generations or Income Groups?

By Bernhard Hammer, Michael Christl & Silvia De Poli Governments face a potential trade-off between provision for the population in retirement and the support of working-age households with low income. Using EUROMOD-based microdata from 28 countries, we quantify public redistribution to pensioner- and working-age households, distinguishing also by income group. In general, Northern European countries are characterized by a low net redistribution between households, limited public pensions, but a strong support of low-income households. By contrast, most Southern European countries...

August 11, 2022
Articles, Public Pensions, , ,
Read more...

July 2022
15Jul

The Unbearable Lightness of the Reform of the Pension System

By Hans van Meerten & Sanne Vlastuin In this article, Hans van Meerten (Professor of European Pension Law at Utrecht University) and Sanne Vlastuin (Master's Student in Private Law at Utrecht University) discuss the transition to a new Dutch pension system. In particular, they pay attention to European law aspects that could be problematic in this light, including the pension participant as consumer and the information gap of pension participants. More is needed to make the envisaged pension system EU-proof...

July 15, 2022
Articles, System Characterization, , ,
Read more...
12Jul

Three-fifths of European employees want additional pensions advice from employers

Almost three-fifths (58%) of employees across Europe showed high or very high interest in accessing professional advice on managing their pensions via their employer, according to research from Alight Solutions. The Retirement perception index, undertaken in partnership with the University of Granada, was carried out among 2,400 employees in businesses across multiple sectors in the UK, Germany, France, Italy, Spain and the Netherlands, exploring employees’ awareness, confidence and interest in their national pension system, and their interest in additional support...

July 12, 2022
News, ,
Read more...

March 2022

New European pensions saving regime takes effect this week
21Mar

New European pensions saving regime takes effect this week

EU legislation which gives effect to a new European pensions savings regime is being introduced this week The Pan-European Personal Pension (PEPP) is a voluntary retirement savings option for EU citizens that complements existing pension schemes. It allows people to pay into the same scheme throughout the EU, even if they move countries. Read also China: National Pension Insurance Co receives green light to start operations Rachel McGovern, director of financial services at Brokers Ireland, which represents 1,225 brokers, says pension providers...

March 21, 2022
News, Slider, , , ,
Read more...

October 2021
11Oct

Sustainable investment ‘rebooting’ Europe’s private markets, research finds

The rise in demand for sustainable investments is driving a “structural reboot” of private market investing in Europe, with environmental, social and governance funds on track to account for up to two-fifths of the industry’s assets in just a few years. According to research from PwC, ESG private market assets could hit between €775.7bn and €1.2tn by 2025, up from €253bn in 2020, as regulation and client demand force an overhaul of private equity, real estate, infrastructure and private debt...

October 11, 2021
News, Slider, , , , ,
Read more...
07Oct

Sustainability agreements and antitrust – three criteria to distinguish beneficial cooperation from greenwashing

By Maurits Dolmans This paper discusses European competition law as it applies to agreements between market players to reduce, eliminate, or compensate for greenhouse gas emissions. It places these in an economic context, discusses the relevant provisions of the European treaties and applicable case law of the European Court of Justice. It identifies three broad criteria for the non-application of the prohibition of restrictive agreements, or exemption, to sustainability agreements. Source: SSRN 196 views

October 7, 2021
Articles, Investment, Pension Management, , , ,
Read more...
05Oct

Post-covid pension reforms in Europe should focus on sustainability – leading macroeconomic influencers

The reforms introduced in European pension systems have placed unnecessary burden on younger population. Experts opine that post-Covid reforms should focus on sustainability and equity. Linda Yueh Linda Yueh, economist at the University of Oxford, shared an article on the equity of pension systems in Europe in the post-Covid era. The ageing population in Europe resulted in the implementation of several reforms to ensure the sustainability of the pension system. Major reforms, however, were implemented following the 2007-2008 global financial crisis and...

October 5, 2021
News, Slider, , , , ,
Read more...

September 2021
10Sep

The Government Debt Iceberg

By Jagadeesh Gokhale Europe and the United States will soon begin to encounter fiscal constraints the like of which we have never seen before. Federal debt as a percentage of GDP more than doubled between 2000 and 2012. According to the US Congressional Budget Office, total national debt is expected to remain close to 100 per cent of GDP during the next decade and begin to increase thereafter as the baby-boomers fully enter retirement. · Debt levels in European Union countries...

September 10, 2021
Articles, System Sustainability, , , , ,
Read more...

August 2021
03Aug

Europe’s Pension Funds Still Don’t Know How to Treat a Key Risk

The main organization representing European pension funds says it’s still not clear how the industry should balance financial returns against a desire to do more environmental and social investing. The lack of clarity means pension investors representing about $5 trillion may be putting less cash than they otherwise might into sustainable assets. That’s as the need for a decisive reallocation of capital toward planet-saving goals grows more urgent as global warming becomes increasingly deadly. How asset managers treat ESG risk will...

August 3, 2021
News, Slider, , , , ,
Read more...