UCITS may be the investment building block if a pan-European pension plan is given the green light. In the second of a two-part series, Absolute UCITS editor Joy Dunbar explains this development.UCITS is to be the central building block for an EU-wide retirement plan.
This ambitious plan has its challenges, because all European member states have different retirement, pension and social security regimes.
An EC White Paper, published earlier this year, states: “With national pension policies becoming increasingly a matter of common concern, it is logical that the role of the EU in helping member states achieving the goals of adequate and sustainable pensions becomes more important.”
A possible resolution to the continuing retirement savings conundrum above has come from the European Fund and Asset Management Association (EFAMA).