New proposals for a single European pension plan have signalled that Brussels is now acting to counter the dire state of pension planning and pension provision across the EU.
The Officially Certified European Retirement Plan (OCERP) would seek to provide pension plans with consistent standards across Europe and the UK, and was proposed by the European Commission in a green paper which has now been endorsed by the Association of the Luxemburg Funds Industry (Alfi).
The paper said the economic crisis had been a “wake-up call for all pensions.”
