How Europeans are REALLY preparing for retirement

Europeans are taking retirement planning into their own hands
European policymakers and practitioners are undertaking fundamental reforms of existing pension structures, adapting non-pension assets that are used for support in retirement and creating new funded retirement finance instruments, according to a new study from our FECIF European Pension Institute and CMI Consultants.

Our study, “Retirement Planning in Europe”, reveals that Europeans understand the financial stresses on traditional Pay-As-You-Go (PAYG) government pensions and are updating strategies for existing financial assets as well as discussing new funded solutions – at the level of the European Union, and in individual countries.

Based on a survey of consumer preferences and products in 12 major European countries, the report states that whilst Europe is not rich in funded pensions or workplace savings plans, European workers own several trillion Euros’ worth of other “assets for retirement” – insurance products, annuities, real estate, bank accounts and other non-pension assets that are used to supplement government pensions...
 

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

FECIF, the only body representing European financial advisers and intermediaries, it is based in Brussels, the heart of Europe.