EFAMA backs creation of European pension plan

EFAMA believes that with with demographic pressures and the effects of the economic crisis, there is an immediate opportunity for the industry to offer new retirement solutions. Claude Kremer, newly elected President of EFAMA said the body supports the creation of a harmonised European retirement plan, Officially Certified European Retirement Plan (OCERP), and see UCITS as the ideal building block for underlying investments.  "To assist in meeting this goal, EFAMA has activated its Long-Term Savings and Pension Steering Committee. This will be a knowledge centre and policy resource fo...