Latest from IPE Magazine – Page 837
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Features
EFRP: Its role over the years
Colin Steward traces the developments of the Federation The EFRP (European Federation for Retirement Provision) was established in 1981. Its objectives have changed little over the ensuing 18 years. Currently they are stated to be: o to safeguard the welfare of all pensioners within the EU and EEA without jeopardising ...
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Features
Austria takes next step
Supplementary pensions are becoming of vital importance to the Austrian market, according to the Fachverband der Pensionskassen The income of Austrian retirees is based on the three pillars: state pension, occupational pension and private (individual) pensions. Out of the total yearly benefits (approximately E30bn in 1997), about 90% is paid ...
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Features
Belgium embraces new framework
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 ...
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Features
France: Past successes slow progress
France’s stop-start approach to sorting its pensions problems needs to be resolved, says AFPEN The very success of the French retirement system ex-plains why it is taking so long to implement employment-related pension funds in France. The outlook however looks positive for their implementation between the end of this year ...
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Features
Germany: More than just a savings issue
Drastic changes in labour and tax laws are required to improve occupational retirement systems, says Aba Pension systems all over the world are under increasing strain due to rapidly aging populations. It is therefore not surprising that demographic change puts pressure on the German social-security system as a pay-as-you-go pension ...
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Features
Ireland: Radical change hits market
The partnership approach to retirement issues has worked well for the country, says the IAPF The pension environment in Ireland is in a period of radical change. This era of evolution began with the launch of the National Pensions Policy Initiative (NPPI), by the Pensions Board in 1996. Since then, ...
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Features
Luxembourg: Looking at the bigger picture
In the absence of any expected domestic legislation in the near future, Luxembourg is concentrating its efforts on positioning itself as an international pensions centre, says BGL The beginnings of the pension regulations in Luxembourg came early this century with the general retirement pension law coming into force in 1931. ...
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Features
Netherlands: Be liberal within reason
While the Dutch ‘ideal’ pensions model embraces change, there is increasing pressure from issues of cost, says VB and Opf During the last couple of years the Dutch pension system has drawn the attention of many other nations as well as supra-national organisations. One example is the report ‘Averting the ...
