Euro-wide pensions

July 2003
Management Services;Jul2003, Vol. 47 Issue 7, p18
Academic Journal
This article reports on how the European Parliament resolved the issue concerning the ability of employees to take their pensions with them from job to job around Europe. Typical of the stumbling block toward the now almost-adopted directive were provision of benefits for surviving relatives, lump sum payments and fund investment sectors. The legislation is based on home-country management of the scheme coupled with the ability of the home country to introduce rules to ensure the safe and sensible management of such schemes. The provision for benefits to survivors and for disabilities, for example, is seen in Great Britain as a financial product whereas in most other European Union countries it is a pension component. The whole move has been hampered in places by the data protection position.


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