Press Release: Private pensions have growing role, but must address society’s needs – new EU report

A new study released by the European Commission on 20 October, 2008, confirmed the trend towards more private pension provision in the EU but highlighted the need for inclusive coverage and adequate pension levels. The study identified large variations in coverage and contribution levels between EU countries, reflecting the diversity of schemes in place. The analysis aimed to help EU countries learn from different national experiences under the 'open method of coordination' – the EU's system of common objectives, reporting and exchange of best practice. The release of the study coincided with a major conference, taking place in Brussels today, on how to make European pensions adequate and sustainable.