The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Corporates demand pan-European pension regime

The EU should create a Europe-wide pension regime to make it easier for corporates with cross-border operations to provide for their employees, according to the European Financial Services Roundtable (EFR).

The 20 chairmen and CEOs that make up the EFR said yesterday that the EU's current plan to embed new pension rules in European states will not address the issue quickly enough and will make it harder for companies to manage schemes across borders.

The EFR also highlighted the fact that individual regimes in different member states prevent employees from transferring pension plans across Europe. Research conducted by the EFR has discovered that widely divergent rules across Europe make cross-border pensions virtually impossible, and that rules are ?often so complex that even experts can't understand them?.

Pehr Gyllenhammar, chairman of Aviva and the EFR, said: ?National structures should not be protected at the expense of the consumers. Having the same pension products provided and bought throughout the European Union would be of great benefit to the people and easier to regulate and supervise. It is the only way to go.?

The proposed pan-European regime would complement existing national pension structures, leaving them undisturbed.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree