Belgium embraces new framework

By The Belgian Pension Fund Association October 1999 (Magazine)

The introduction of prudent investing has changed the face of the Belgian pensions market for the better, says the Belgian Pension Fund Association. First pillar pensions are generally based on a PAYG-system. In 1997 pension payments amounted to E18.1bn, of which 63% went to the private sector, 28% to the ...