The EU internal market for occupational pensions: Making further progress

Abstract

Pension funds will play an important role in meeting a number of key challenges common to European Union (EU) Member States: ageing, fiscal sustainability, cost efficient and adequate pensions, flexible labour markets and financial stability. These issues need a much greater coherent policy approach over the next few years. The EU internal market for occupational pension funds, based on the Institutions for Occupational Retirement Provision Directive, can contribute. This would allow employers and employees to reap the benefits of scale and scope economies, risk diversification, lower transaction costs, innovation and more product choice. © 2010 Macmillan Publishers Ltd.