Negotiations on pan-European pension scheme set to start


Member States have asked the EU Presidency to start negotiations with the Parliament on a proposal for a pan-European pension product that would make it easier for people to put money aside for their old age. The draft regulation would provide greater choice for people who wish to save for their retirement, according to the Commission. The pan-European pension product will “promote competition amongst pension providers, enabling them to sell pension products outside their national markets,” Bulgaria's finance minister Vladislav Goranov said for the EU Presidency.

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