Promoting the Multi-Pillar Model? The EU and the Development of Funded Pension Schemes

2010 ◽  
pp. 216-234
Author(s):  
Karen Anderson
Keyword(s):  
Pension Schemes ◽  
The Eu

scholarly journals Denmark

2020 ◽  
Vol 20 (252) ◽  
Author(s):  
Keyword(s):  
Life Insurance ◽  
Insurance Industry ◽  
Nordic Countries ◽  
Insurance Companies ◽  
Insurance Sector ◽  
Eu Member States ◽  
Work Related ◽  
Pension Schemes ◽  
High Penetration ◽  
The Eu

Denmark’s insurance sector is highly developed with a particularly high penetration and density in the life sector. Traditionally, work-related life insurance and pension savings are offered as a combined package, and life insurance companies dominate the market for mandatory pension schemes for employees. The high penetration explains the overall size of the insurance sector, which exceeds those of peers from other Nordic countries and various other EU member states. Assets managed by the insurance industry amounted to 146 percent of the GDP at end-2018, compared to 72 percent for the EU average.

scholarly journals Compulsory membership of pension schemes and the free movement of services in the EU

2017 ◽  
Vol 19 (2) ◽  
pp. 118-140 ◽  
Author(s):  
Hans van Meerten ◽  
Elmar Schmidt
Keyword(s):  
The Netherlands ◽  
Competition Law ◽  
Pension Funds ◽  
European Court Of Justice ◽  
Court Of Justice ◽  
Pension Schemes ◽  
European Court ◽  
Indirect Discrimination ◽  
Mandatory Participation ◽  
The Eu

Mandatory pension participation in the Netherlands is currently under review. This article examines the manner in which the system of mandatory participation in sectoral pension funds is presently organised as well as future proposals from the perspective of the freedom to provide services. It also briefly reviews mandatory participation in Belgium, Denmark, Germany, France and Sweden and asks whether it constitutes a barrier to the freedom enshrined in Article 56 TFEU. Restrictions of this freedom in the field of mandatory participation are too easily excused in the Netherlands by pointing to decisions by the European Court of Justice (ECJ) in which it judged the system to be permissible. These decisions, however, were made from the perspective of competition law, and not on the basis of Article 56 TFEU. Grounds for justifying restrictions to this freedom exist, although different justifications are available for direct and indirect discrimination. The article questions how mandatory participation in the Member States considered in this article fare from this perspective?

A Policy Framework for European Personal Pensions?

2018 ◽  
Author(s):  
Mark Heemskerk ◽  
René Maatman ◽  
Bas Werker
Keyword(s):  
The Netherlands ◽  
Financial Markets ◽  
Pension System ◽  
Policy Framework ◽  
Age Dependency ◽  
Pension Systems ◽  
Pension Schemes ◽  
Age Dependency Ratio ◽  
World Ranking ◽  
The Eu

Pensions in the EU are vulnerable to reduced economic growth, adverse developments in financial markets, and an increasing life expectancy. The increase of the old age dependency ratio contributes to concerns about the sustainability of pension systems. Nonetheless, the pension system in the Netherlands is one of the most sustainable in the world, ranking second in the Mercer Global Pension Index. The Dutch pension sector manages a significant EUR 1400 billion in assets for pensions that are primarily funded through legally compulsory schemes related to employment pension schemes. This chapter examines whether the development of a personal pension system in Europe and in the Netherlands coincide, and if the Dutch system can contribute to a policy framework for European personal pensions. It then considers the reasons why a European market for personal pensions has been proposed.

scholarly journals IMPORTANCE OF FUNDED PENSION SCHEMES IN PROVISION OF PENSIONS: THE EXPERIENCE OF LATVIA AND THE OLD EU COUNTRIES

2016 ◽  
Vol 4 ◽  
pp. 311
Author(s):  
Jekaterina Jefremova
Keyword(s):  
Risk Management ◽  
The Netherlands ◽  
Social Security ◽  
Pension Plan ◽  
Eu Countries ◽  
The Past ◽  
Pension Schemes ◽  
Retirement Security ◽  
Pension Benefits ◽  
The Eu

During the past 20 years, pension reforms in the EU countries have lowered pension benefits. As a consequence of reforms each person’s responsibility for the result has increased. Examples of such reforms are those in Latvia (1995–2001), Germany (2001–2004) and the Netherlands (2004–2010). The essential part of future pension sufficiency is based on funded pension schemes, which are expected to prevent poverty and ensure the replacement of sufficient income in old age.The government defines a significant role to funded pension schemes. It is important to take into consideration major structural weaknesses in relation to social security. This includes such aspects as security and payment levels, risk management of savings and payment phases, tax implications and necessity of pension plan monitoring. These are all the problems to be solved in order to draw funded schemes as an integral part of retirement security among investors.This paper investigates the importance of funded pension schemes in securing pension in Latvia and in some old EU countries.

The Art of Lobbying the EU

2013 ◽  
Author(s):  
Rinus van Schendelen
Keyword(s):  
The Eu
Sign in / Sign up

Export Citation Format

Share Document