Institutions for occupational retirement provision in Europe: ongoing challenges

Author (Corporate)
Series Title
Series Details May 2014
Publication Date May 2014
ISSN 1612-0272
Content Type

In mainland Europe, the financial position of many institutions for occupational retirement provision (IORPs), which offer defined benefit pension plans, has markedly improved in recent years. Nonetheless, the market conditions facing pension funds remain tough. The main challenges here are the persistently low yields on high-quality bonds and the beneficiaries' rising life expectancy. New regulatory requirements, such as those contained in the recently published draft revision of the EU Directive on Institutions for Occupational Retirement Provision ('IORP II'), are also likely to pose a challenge for many IORPs

Source Link Link to Main Source http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000334537.pdf
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