European Pensions in the future

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Presentation transcript:

European Pensions in the future Brendan Kennedy The Pensions Board

Contents Cross-border - where are we? Obstacles Moving it on Wider pensions issues

Wednesday 1 March Progress on transposition Protocol signed And…?

Obstacles Social and Labour Law Tax Funding Pensions Reform National differences Inexperience First mover

Cross-Border Pensions Multinational employer Relocations Commercial Providers

Meanwhile… Member security versus pension encouragement Interventionist versus hands-off supervision Sponsors versus managers Local versus cross-border National versus E.U. standards ‘Prudent’ versus ‘best-estimate’ reserving Accountants versus regulators Point of time versus ongoing

Summary The cross-border project will work Real obstacles Commercial beneficiaries must drive it There are larger pension debates going on