Other information: Supplementary pension schemes

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Series Details No.3 June
Publication Date June 1999
ISSN 0264-7362
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Supplementary pension schemes. The Commission has adopted a Communication setting out a series of initiatives designed to enable supplementary pension schemes to benefit from the Single Market and the euro: Member States and individuals would be better placed to deal with the consequences of population ageing and improve the effectiveness of capital markets catering for European businesses. The measures' aims revolve around three main principles: better protection of scheme members coupled with more efficient investment by pension funds; gradual removal of obstacles to labour mobility; and continued co-ordination of Member States tax systems so as to reduce the tax distortions affecting the provision of supplementary pension products on a cross-border basis. It will be for the next Commission to decide on the follow-up to the work carried out, but in the opinion of the vast majority of those consulted a legislative framework would be desirable.
Source: Press Release (Commission), IP/99/328 (11.5.99)

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