Sixty-nine percent of pension plans across Europe expect governments will take aggressive action to close the retirement savings gap in the next five years, according to a survey commissioned by State Street and conducted by the Economist Intelligence Unit.
Such measures would include compulsory saving mechanisms, such as the United Kingdom's auto-enrollment and new financial incentives to save.
Seventy-seven percent of European pensions are feeling optimistic that contribution rates will increase over the next five years.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
