While cross-border pensions won't solve the demographic crisis in Europe, enforcing the current EU law that already provides for free access to foreign insurers into all EU markets will allow greater choice
I spent some time recently sitting in a rather airless conference room in Brussels with 40 or so financial services executives from across Europe. We were actually discussing something rather important - the development of the European Single Market in financial services. And one of the topics which came up most frequently in discussion was the cross-border market in pensions. Indeed, several of those present became quite passionate about it. Why? Well, as any reader of any newspaper in Europe will be well aware, we face something of a pensions 'crisis' in the EU. Some countries, including...
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